Sahara group scam 

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 * sahara scam story explained

sahara india was privately held company found in 1978. 

 * sahara scam story explained

sahara scam is mainly associated with the two companies of sahara group that is sahara india real estate corporation ltd.(SIRECL) and sahara housing 

 * SAHARA INDIA VS  SEBI 

On september 2009, sahara prime filled a DRHP,SEBI detected some error in the fund raising process of the two companies of sahara group 

SEBI recieve complaints  that SIRECL and SHICL are issuing optionally fully convertible debentures and raising funds in a wrong way

 * SAHARA INDIA VS  SEBI 

consequently,SEBI started investigating these two companies and asked sahara india group for clarifiction regarding this method of fundraising.

 * SAHARA INDIA VS  SEBI 

That's when SEBI learnt that SIRECL and SHICL have raised around Rs. 24000 cr from 2-2.5 cr investors via OFCD

 * SAHARA INDIA VS  SEBI 

SEBI in return ordered sahara's two companies to stop raising money via OFCD and return the  money to investors with 15% interest .

 * SAHARA INDIA VS  SEBI 

*FURTHER PROCEEDING ON SAHARA SCAM  2012-2013

In august 2012,the supremecourt asked both the companies to deposit the money of OFCD holders with 15% interest within 3 months.

*FURTHER PROCEEDING ON SAHARA SCAM  2012-2013

sahara failed to submit money with SEBI with 15% interest within 3 months

* FINAL COURT ORDERS ON SAHARA SCAM 

on 26th february 2014,the chairman of sahara group,subrata roy was arrested upon the orders of the supreme court

CONFLICTS BETWEEN RUSSIA AND UKRAINE

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