Ofcds

Showing 1 of 19 from 19 results
Ofcds - Total results - 19
All problems to be resolved in 2020; two foreign investors roped in for realty, city development business: Sahara chief Subrata Roy
Business

All problems to be resolved in 2020; two foreign investors roped in for realty, city development business: Sahara chief Subrata Roy

Roy said Sahara has huge land parcels but developing townships or colonies on them has been difficult due to lack of funds for internal infrastructural development.

SEBI tells Sahara India Commercial Corp to refund over Rs 14,000 cr raised via OFCDs with 15% interest to investors
Business

SEBI tells Sahara India Commercial Corp to refund over Rs 14,000 cr raised via OFCDs with 15% interest to investors

SEBI found that Sahara India Commercial Corporation (SICCL) had made an offer of OFCDs in financial years 1998-2009 and raised an amount of at least Rs 14,106 crore from 1,98,39,939 investors.

Allowing Subrata Roy to sell Sahara assets for his personal bail may not be right
Business

Allowing Subrata Roy to sell Sahara assets for his personal bail may not be right

The way out will be to release Roy from jail after impounding his passport and simultaneously appoint a receiver for sale of assets

SC misses the elephant in the room: whose money was Sahara playing around with?
Corporate

SC misses the elephant in the room: whose money was Sahara playing around with?

The Supreme Court has sent Subrata roy of Sahara to prison for not paying up the dues of his OFCD holders to Sebi. But it is forgetting the bigger question: whose money was it anyway?

Jailed Subrata Roy is paying the price for arrogance of power
Corporate

Jailed Subrata Roy is paying the price for arrogance of power

Corporate defiance at a time when all institutions - from regulators to courts - are trying to re-establish their credibility is what has laid Vijay Mallya and Subrata Roy low. <br />

In Subrata Roy's delusional world, he is the financial messiah of the unwashed masses
Corporate

In Subrata Roy's delusional world, he is the financial messiah of the unwashed masses

The unreal world of Subrata Roy and the Sahara Group was nowhere more evident than in his statements in the Supreme Court yesterday

How many investors did Sahara really have? Not as many the group claimed
Corporate

How many investors did Sahara really have? Not as many the group claimed

Subrata Roy's two companies claimed they had over 2.96 crore investors but this is simply incredible

Sahara accuses Sebi of going slow on investor verification
India

Sahara accuses Sebi of going slow on investor verification

The group further said that Sebi has been given all original payment vouchers, receipts and all other documents containing all details of esteemed investors in more than 100 truck loads.

Sahara Group seen muzzling media by obtaining a book ban
Business

Sahara Group seen muzzling media by obtaining a book ban

The Sahara Group, which is yet to comply with a SC order to refund Rs 24,000-and-odd crore to investors, is trying to overawe a journalist with a defamation case

Why Supreme Court is running out of patience with Sahara's Subrata Roy
Business

Why Supreme Court is running out of patience with Sahara's Subrata Roy

The Supreme Court has given the Sahara Group too long a rope. The Saharas have successful stalled compliance with an order of August last year till now

Subrata Roy wants to send Sebi on a wild goose chase
Business

Subrata Roy wants to send Sebi on a wild goose chase

Subrata Roy has a point when he says Sebi should have given priority to returning his investors money, but what if many of his investors are non-existent?

Whiff of benami: 1% Sahara investors responded to Sebi
Business

Whiff of benami: 1% Sahara investors responded to Sebi

Not only has Sahara not paid the full amount to Sebi, but its data is now looking increasingly shady - giving rise to the suspicion that many of the investors may be figments of the imagination.

SC gives Sahara more leeway, more litigation likely
Business

SC gives Sahara more leeway, more litigation likely

The litigation in the Sahara case looks likely to prolong further as the Supreme Court gives the group more time to repay investors

Sahara ads indirectly confirm some of Sebi's allegations
Business

Sahara ads indirectly confirm some of Sebi's allegations

A Sahara ad splurge in the media indirectly confirms that the firm has repaid many of its OFCD investors without routing it through Sebi

As Rs 24,000 cr refund nears, Sahara Group gets more brazen
Business

As Rs 24,000 cr refund nears, Sahara Group gets more brazen

More reports are coming in that the Sahara Group is pressuring investors to roll the money in OFCDs to other schemes - in contravention of Sebi/SC orders

Sahara Group is pushing the envelope on SC orders
Business

Sahara Group is pushing the envelope on SC orders

A Sebi ad warns Sahara group investors from falling victim to the group's overtures to switch the money to other schemes

Finally, SC orders 2 Sahara firms to pack up and repay Rs 20,000 cr
Business

Finally, SC orders 2 Sahara firms to pack up and repay Rs 20,000 cr

The Sahara Group's elaborate ruse to avoid Sebi scrutiny of its dubious OFCD scheme has finally been shot down by the Supreme Court

To return OFCD money, Sahara will have to sell properties
Business

To return OFCD money, Sahara will have to sell properties

The Sahara Group, in an affidavit filed with the court on 4 January, has disclosed a complex web of over 200 companies, in some of which the group invested public money raised through OFCDs.

As Sahara seeks SC help, the question is: where's the money?
Business

As Sahara seeks SC help, the question is: where's the money?

The Sahara Group, which has been asked to return over Rs 17,000 cr by Sebi, may have to disclose where it has parked the booty.