RAJ KUMAR
Ranchi, Oct.14: A mass FIR was registered against Sahara India Company Chief Subrata Roy at Doranda police station on Friday for allegedly duping crores of rupees from investors in the name of investing the money in different financial schemes run by his company.
The action was taken after investors realized that Roy, who is on parole since 2016 following a Supreme Court order, is not intent on returning the money.
“The court had released him on parole for four weeks for his mother’s funeral but he is still out. Nothing is clear about his parole. He is out but no step is being taken from his side to return investors’ hard-earned money,” one of the complainants said.
The Registrar of Companies, Mumbai had examined complaints against the company and on August 14, 2018, recommended to the Central Government to initiate an investigation against the companies of Sahara. These include Sahara Q Shop Unique Products Range Limited, Sahara Q Gold Mart Limited and Sahara Housing Investment Corporation.
On October 31, 2018, the Ministry of Corporate Affairs entrusted the investigation of the matter to SFIO. Sahara India Financial Corporation Ltd and Sahara India Real Estate Corporation Ltd had raised Rs 14,100 crore, Rs 17,500 crore and Rs 19,400 crore, respectively, from investors by luring them with high returns. In this way, about Rs 50,000 crore was raised from investors through various schemes.
