Now SEBI in trouble - SEBI holds 25,000 crore unreasonably of Sahara investors.

Sahara India Pariwaar,a well known Indian Conglomerate that operates business sectors like finance, infrastructure and housing, real estate etc. In a recently released statement by the Sahara India group, the organization spilt out that SEBI owes an amount of Rs. 25,000 cr to SAHARA Group.

SEBI, The Securities and Exchange Board of India, which is a regulatory body for securities and commodity market of India, in its annual report stated to have repaid only an amount of Rs.129 crores to the investors of Sahara India Pariwar while the original amount deposited by Sahara Group was Rs. 23,191crores according to the data dated till March 31, 2021.

The matter got more worsened due to an advertisement released by SEBI in April 2018, which said they wouldn't further entertain or accept any claims which clearly showed up and expressed that there are no further claimants which SEBI is liable to pay. The advertisement meant that Rs.25,000 crores are being held unreasonably by SEBI. A testament to the former's claim of paying 95% of Investors.

In an answer to the released advertisement by SEBI, the Sahara India Pariwar further released a statement stating -
"This is unfortunate and unacceptable that SEBI is holding on Rs. 25,000 crores deposited by Sahara and doing nothing. This huge amount of money is lying unutilised, idle in the banks which is not only hurting the interest of Sahara as a business organisation but also impeding the economic growth of our country especially in these testing times of economic slowdown"

Sahara is one of the very few Non-banking financial companies from India that is yet in the market trying to solve the problem and return the money to its investors. It is among the very few companies that didn't actually run away, rather trying to solve the financial disbalance in the best possible way.