Millennium Post

Sahara says SEBI has one-point agenda to ‘destroy’ firm’s image

Hitting back at SEBI and its chairman, Sahara India Pariwar has said that the market regulator has just one-point agenda to ‘destroy’ the image of the diversified conglomerate.

Countering the allegations made by SEBI chairman on the OFCDs raised by it, Sahara said in a public notice that he has recently ‘mischievously misled’ the people. ‘Right from the beginning SEBI’s one point programme has been to hit and destroy Sahara by mischievously misleading campaign of misinformation though trial by media,’ Sahara said.

Sahara recalled that when it promoted OFCDs for the first time in 2001, it had obtained a written permission for its OFCD issue from the Registrar of Companies (RoC) Kolkata under the Ministry of Corporate Affairs in 2001 and submitted prospectus to the same Registrar (filing the return) with the details of around 1.87 crore investors with their names, addresses and amounts raised etc.
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