Sahara Group Chairman Subrata Roy Sahara and top three executives — Vandana Bhargava, RS Dubey and Ashok Roy Choudhury, attended SEBI’s office on Wednesday since SEBI had summoned them.
A press release from Sahara Group said: “They presented the details of their personal assets. Subrata Roy’s personal assets were around Rs3 crore only.
“Subrata Roy requested and conveyed his grave concern that unmatured accounts should get their money back for which Sahara has already paid Rs5,120 crore to SEBI and SEBI has not taken any initiative,” added the release.
He also requested that SEBI should take all possible initiatives to accelerate repayments and verifications of documents.
Subrata Roy, on coming out of SEBI’s office spoke to the waiting press and declared his firm faith that nobody on this earth can prove RIGHT as wrong and said SEBI is only fighting everyday to get more money from Sahara. It is orchestrating leaks to press because of which Sahara is facing media trial regularly. Whereas in last 7 months, not even one step has been taken towards repayment of remaining investors or towards verifications of documents.
The fact of repayment is that Sahara has already repaid the entire liability except around Rs. 5,120 crs to its investors before 31st August 2012. This means that all repayments by Sahara were done before the Judgement of Hon’ble Supreme Court.
While leaving the SEBI office, Roy speaking to the media, said\\that the Company has paid Rs5,120 crs to SEBI and all the expenses are on Sahara’s account, so it was unfortunate that during the meeting, they weren’t even offered a cup of tea by the SEBI officials.