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Sahara group is under strict note of SC

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Scam in bigger business organizations put immense impact on the millions of its share holders. According to the latest sources of www.propertykhazana.com Sahara group is under strict scrutiny of Supreme Court due to some of its miscalculations in the balance sheet of their aided companies. Supreme Court has sent notice to the multi brand Sahara Group to produce all their account related statement for November 2011. All these records should be carried on the next hearing of the case – January 8, 2011. Supreme Court stood firm on their earlier order of Security Appellate Tribunal to both the inmates of Sahara group for refund of Rs 174 billion to the investors. Apart from this court has also asked the detail about their acquired property and other assets of the company at various location of India and overseas.
At an extreme note the panel of justice led by Chief justice S H Kapadia ordered to show cause and pointed the two companies to avail an affidavit as how their investor will be safeguarded with their interest. The total numbers of share holders are around 2.3 crores for the duo.
Source: NIMMA BENGALURU

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