Show Source Of Rs 18,000 Crore Refunds, Supreme Court Tells Sahara Chief
The top court asked Sahara to show the source of Rs 18,000 crore refunds
The court also directed Sebi to look into how Sahara is raising money
Sahara chief Subrata Roy is currently out on parole
Sahara Group chief Subrata Roy is currently out on parole.
The Supreme Court today asked Sahara Group chief Subrata Roy to show the source of money as proof, after the group claimed that it has refunded Rs 18,000 crore to investors.
We will close this entire Pandora's box if you show us the source of refund," the court said.
The court also said that it was difficult to digest that Sahara had refunded around Rs 18,000 crore in two months by cash to investors.
After the top court hearing, S...