Today, Sebi has around Rs.11,500 crores of Sahara’s money, including bank interest.
By the time our Chairman shall come out, that is, when full bail amount is paid, our money lying with Sebi will be Rs.18,000 crores cash. Since no bank is ready to give Bank Guarantee to us without 100% cash margin, it is going to be Rs.18,000 crores of cash with Sebi.
While in the last 26 months,Sebi had to pay only around Rs.2 crores.
More importantly,Sebi came out with an All-India Media Advertisement, twice, inviting investors for repayments. But till now, they have received from all over India, a demand of Rs.20 crores only.
A question can now arise that whether the investors exist or do not exist; meaning, are these all fictitious accounts?
Only verification can clarify this point,as mandated in Hon’ble Court’s order of 2012. Since then, in almost past 26 months, Sebi has not started verification; the reason best known to them.
