Thursday, November 15, 2012

SEBI TO HIRE INVESTIGATING AGENCIES FOR SAHARA CASE

Market regulator Securities & Exchange Board of India (SEBI) plans to hire professional
investigating agencies to help it probe matters relating to Sahara group for implementation of a
Supreme Court order about refund of money collected from 3 Cr investors. The Securities and Exchange Board of India (SEBI) has already asked these investors against yielding to any pressure from "Saharas or their agents" for switching over their investments in two Sahara companies – Sahara India Real Estate Corporation Ltd (SIRECL) and Sahara Housing Investment Corporation Ltd (SHICL) – to other group companies.

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