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Sahara justifies cash dealings, blames Sebi for refund delay

Under fire for claiming it has refunded thousands of crores of rupees to investors in cash, the Sahara Group on Wednesday said such large-scale dealings were possible with its vast network of branches. The group also sought to shift the blame to market watchdog Securities and Exchange Board of India (Sebi) for delaying the refund to investors, while saying that its cash transactions were based on a "strict, convenient, safe and ...
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