SC asks Sahara to reveal source of Rs 18,000 cr refunded to investors

Subrata Roy-wefornews

The Supreme Court on Friday asked Sahara to tell the source of money Rs 18,000-crore which it claims to have refunded to investors.

The apex court says it is difficult to digest that so much money has been refunded in such a short span and directs the next hearing on 16th September.

Earlier, The Court had directed Sahara to return Rs 36,000 crore investors money it had collected in 2007-08 within 18 months.

However, at the time, Sahara founder Subrata Roy’s lawyer Kapil Sibal had told the apex court that it was not possible for them to pay back the amount within the requested time frame.

“There is no business house in the country or in the world, which can deposit Rs 36,000 crore in 18 months’ time,” he had said.

Wefornews Bureau

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