InvestorQ : Will the Sahara Group be able to pay the Rs.62,000 crore demanded by SEBI?
Rashi Mehra made post

Will the Sahara Group be able to pay the Rs.62,000 crore demanded by SEBI?

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Archita Jajjoo answered.
2 months ago
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SEBI has asked Subrata Roy to deposit Rs.62,600 crore or $8.4 billion towards deposits collected illegitimately from depositors along with 15% interest. Supreme Court had issued orders in 2012 and 2015 asking Sahara Group to deposit the said amount.

Subrata Roy was arrested in March 2014 for failing to attend a contempt hearing but has been on bail since 2016. Sahara Spokespersons have stated that Rs.22,000 crore was deposited with SEBI but they continued to calculate interest on that amount. They also claimed to have refunded most deposits in cash. For now, the case still hangs.

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