Sahara India Pariwar seeking Justice from Indian Govt.

Sudhanshumittal36 2014-04-03

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Sahara has numerous times in the past has said that they have already returned the money to 93% of its investors. Hence to provide amount to SEBI the New Money is required.
So if we go for Bank Guarantee now, it will mean putting 100% cash margin. Therefore the order implies that Rs.10,000 crores cash is wanted to secure release from jail, if the release is desired before 3 months.

The founder Chairman is in custody for since last 22 days, and an embargo has been imposed on sale of asset and bank accounts of entire Sahara Group are already frozen by SEBI.
The precondition to the bail of such a large amount appears unusual and is not a surety for securing the presence but a mode of recovery.

Under these circumstances any human being can understand the impossibility of fulfilling even 10% of the Hon'ble Court's conditions and requirements.

Sahara is highly apprehensive about the interest of its esteemed investors and its employees/workers and other stake holders.

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