Subrata Roy follows SC order, appears before Sebi

April 10, 2013 15:09

Sahara Group chief Subrata Roy is taking no chances. He and top executives are now at the SEBI Bhavan today on an order of the Supreme Court, which had ruled as illegal a Sahara investment scheme and ordered the company to repay Rs 24,000 crore to Sebi, which the market regulator would then return to about three crore investors. The SC had ruled that if Roy did not appear before Sebi today, his properties were to be attached.

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