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Business News›News›Economy›Finance›Subrata Roy's Sahara 'scam': Central govt may take over the Rs 25,000 Cr lying unclaimed with SEBI
Subrata Roy's Sahara 'scam': Central govt may take over the Rs 25,000 Cr lying unclaimed with SEBI
The government is looking into the legality of transferring unclaimed funds of the Sahara-Sebi Refund Account to the Consolidated Fund of India, with a provision to refund investors who stake claims later. The death of Sahara Group founder Subrata Roy last week has put the spotlight on the fund. There have been few claimants for refunds in the decade since it was established.
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