Following the death of Sahara group founder Subrata Roy, the Securities and Exchange Board of India (Sebi) is working to return Rs 25,000 crore of unclaimed funds to investors. The funds were collected by Sahara group from investors through various schemes and were ordered by the Supreme Court to be deposited with Sebi. While Sebi has received over 20,000 applications from investors, only Rs 138 crore has been refunded so far. The fate of the remaining funds, which could be appropriated by the government, remains uncertain.
from Times of India https://ift.tt/I7VYo4O
Wednesday, November 15, 2023
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