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Monday, Dec 06, 2021
Outlook.com
supreme court: sahara case

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Will Subrata ‘Sahara’ Roy’s troubles with SEBI and the SC ever end?

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Illustration by Saahil
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outlookindia.com
-0001-11-30T00:00:00+05:53

FAQ
Why ‘Sahara Shri’ is in the spot that he is today

How did SEBI vs Sahara begin?
Sahara Prime City prop­osed an IPO in ’08; two sister firms, SIRECL and SHICL, caught SEBI’s eye. They had issued OFCDs worth Rs 24,000 cr. In Nov ’10, SEBI demanded details of its ‘three crore subscribers’.

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