Today, Sebi has around Rs.11,500
crores of Sahara's money, including bank interest.
By the time our Chairman shall come
out, that is, when full bail amount is paid, our money lying with SEBI will be
Rs.18,000 crores cash. Since no bank is ready to give Bank Guarantee to
us without 100% cash margin, it is going to be Rs.18,000 crores of cash with
Sebi.
While in the last 26 months,Sebi had
to pay only around Rs.2 crores.
More importantly, Sebi came out with
an All-India Media Advertisement, twice, inviting investors for repayments. But
till now, they have received from all over India, a demand of Rs.20 crores
only.
A question can now arise that whether
the investors exist or do not exist; meaning, are these all fictitious
accounts?
Only verification can clarify this
point, as mandated in Hon'ble Court's order of 2012. Since then, in almost past
26 months, Sebi has not started verification; the reason best known to
them.
About fictitious account, we would
like to mention here another issue pertaining to the Reserve Bank of India
(RBI) which is as follows:
Between 2008 and 2012, on RBI's
order, Sahara paid back Rs.18,000 crores under the command of RBI's two
Statutory Auditors and 3 RBI nominated Directors. The bank account of
that amount was controlled by the RBI. A strict rule was followed that
when RBI auditors finally checked the identity of all investors (KYC), only
then the next months' payments were allowed by the RBI and during the process,
in 4 years, RBI did not find any fictitious account; not even one.
--
Regards,
Corporate Communications,
Sahara India Pariwar
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