Undistributed funds of over ₹25,000 crore with Sebi have come into focus after the demise of Sahara Group s chief Subrata Roy, who faced legal battles in connection with his group firms accused of Ponzi schemes.
Subrata Roy s Demise Brings Undistributed Funds Of Rs 25,000 Crore Into Spotlight menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The undistributed funds totalling over Rs 25,000 crore lying with the capital markets regulator Sebi s account have come back into focus after the demise of Sahara Group s chief Subrata Roy.
Roy passed away in Mumbai on Tuesday night at the age of 75 after battling a prolonged illness.
He faced multiple regulatory and legal battles in connection with his group firms that were accused of circumventing regulations with ponzi schemes, allegations his group always denied.