India s government has no plans to stop investigations into some Sahara group companies after the death of its founder Subrata Roy. Corporate affairs ministry had given the probe responsibilities to the Serious Fraud Investigation Office (SFIO). Sahara s founder Roy passed away earlier this year.
Sahara Refund Portal: More than Rs 1.12 lakh crore funds of around 13 crore investors are stuck in several Sahara India group companies, Union Minister of State for Finance Pankaj Chaudhary informed the Parliament earlier. With the Centre launching a refund portal for depositors of Sahara Group co-operative society, other investors are eagerly waiting to know when they will get their money back. Let s find out
The Securities Appellate Tribunal (SAT) on Wednesday said there was "no tearing hurry" for the Insurance Regulatory and Development Authority of India (IRDAI) to order the transfer of life insurance business of Sahara India Life .
Staying the IRDAI s June 2 order transferring the life insurance business of Sahara India Life to SBI Life, the SAT said: ". we find it strange that such steps have been taken after a gap of 5 years and that too without granting an opportunity of hearing.""We