Unable to verify or trace a large number of bondholders in Sahara refund case, Sebi has begun a process to consult the business conglomerate for verifying the genuineness of such investors.
The group needs to rustle up Rs 5,000 crore in cash and an equal amount in bank guarantees for bail.
'This is the only country where success seems to be viewed as a bad thing.' 'Other governments and countries go out of their way to protect a successful organisation. Here we find ways of destroying it.'
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
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