Sebi demands Rs 62,600 cr from Sahara in Supreme Court petition

Topics SEBI | Sahara Group | Subrata Roy

India's market regulator has filed a petition with the Supreme Court asking it to direct embattled Sahara conglomerate chief Subrata Roy and two of his companies to deposit Rs 62,600 crore ($8.

4 billion) that it said was due to its investors. The Securities and Exchange Board of India (SEBI) told the Supreme Court that Sahara had failed to comply with 2012 and 2015 court orders to deposit the entire amount it collected from investors along with 15% annual interest, according to a copy of the petition filed on Wednesday and seen by.....

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