Mancode Posted November 16, 2023 Report Share Posted November 16, 2023 political witch hunt by sonia gandhi due to his opposition of sonia gandhi becoming prime minister of india due to her foreign origins he collected deposits like any other NBFC and sahara being big company in north india , crores of people invested , and he always wanted to pay back if RBI or SEBI dont want him in finance business and paid 95% of money back to investors sahara once owned grosvenor house hote at heart of london city and plaza,dream downhotels in newyork earliest company to have a formula one racing team , owns lot of sports teams indian cricket team sponsor and helped kargil war heroes by financial support , uttarakhand floods did lot of good work , visionary political persecution ki balaina maro hero its unfortunate modi govt could have pulled out this guy from cases , he fight dying cases in later life , his 25k crore money is with SEBI , emavudhho adhi motham, Sahara ESI case undhi he used his employees EPF money , that was cleared by then union labour minister kcr , govt could have asked him to liquidate his assets and pay money back to employees, but delays happen in courts and bueracracy which make any business to function smooth Quote Link to comment Share on other sites More sharing options...
pakeer_saab Posted November 16, 2023 Report Share Posted November 16, 2023 On 11/16/2023 at 9:24 PM, Mancode said: political witch hunt by sonia gandhi due to his opposition of sonia gandhi becoming prime minister of india due to her foreign origins he collected deposits like any other NBFC and sahara being big company in north india , crores of people invested , and he always wanted to pay back if RBI or SEBI dont want him in finance business and paid 95% of money back to investors sahara once owned grosvenor house hote at heart of london city and plaza,dream downhotels in newyork earliest company to have a formula one racing team , owns lot of sports teams indian cricket team sponsor and helped kargil war heroes by financial support , uttarakhand floods did lot of good work , visionary political persecution ki balaina maro hero its unfortunate modi govt could have pulled out this guy from cases , he fight dying cases in later life , his 25k crore money is with SEBI , emavudhho adhi motham, Sahara ESI case undhi he used his employees EPF money , that was cleared by then union labour minister kcr , govt could have asked him to liquidate his assets and pay money back to employees, but delays happen in courts and bueracracy which make any business to function smooth Expand Sonia and Chidambaram screwed up this man 1 Quote Link to comment Share on other sites More sharing options...
Mancode Posted November 16, 2023 Author Report Share Posted November 16, 2023 Quote Link to comment Share on other sites More sharing options...
shaktimaan Posted November 16, 2023 Report Share Posted November 16, 2023 On 11/16/2023 at 9:24 PM, Mancode said: political witch hunt by sonia gandhi due to his opposition of sonia gandhi becoming prime minister of india due to her foreign origins he collected deposits like any other NBFC and sahara being big company in north india , crores of people invested , and he always wanted to pay back if RBI or SEBI dont want him in finance business and paid 95% of money back to investors sahara once owned grosvenor house hote at heart of london city and plaza,dream downhotels in newyork earliest company to have a formula one racing team , owns lot of sports teams indian cricket team sponsor and helped kargil war heroes by financial support , uttarakhand floods did lot of good work , visionary political persecution ki balaina maro hero its unfortunate modi govt could have pulled out this guy from cases , he fight dying cases in later life , his 25k crore money is with SEBI , emavudhho adhi motham, Sahara ESI case undhi he used his employees EPF money , that was cleared by then union labour minister kcr , govt could have asked him to liquidate his assets and pay money back to employees, but delays happen in courts and bueracracy which make any business to function smooth Expand he might be a good person but a conman Bad boy billionaires India showed it pretty well Quote Link to comment Share on other sites More sharing options...
Mancode Posted November 16, 2023 Author Report Share Posted November 16, 2023 On 11/16/2023 at 9:36 PM, pakeer_saab said: Sonia and Chidambaram screwed up this man Expand true , a self made billionaire was made to rot last days in jail sebi dragged the process as much as it could by chidamabram Quote Link to comment Share on other sites More sharing options...
Mancode Posted November 16, 2023 Author Report Share Posted November 16, 2023 On 11/16/2023 at 9:41 PM, shaktimaan said: he might be a good person but a conman Bad boy billionaires India showed it pretty well Expand lol dont believe in these netflix documentries , if he is really bad boy , he could have fled long way back to tax haven country , it was bureaucracy SEBI ( finance ministry) and courts , made his life worse Quote Link to comment Share on other sites More sharing options...
Mancode Posted November 16, 2023 Author Report Share Posted November 16, 2023 On 11/16/2023 at 9:36 PM, pakeer_saab said: Sonia and Chidambaram screwed up this man Expand Quote Link to comment Share on other sites More sharing options...
shaktimaan Posted November 16, 2023 Report Share Posted November 16, 2023 On 11/16/2023 at 9:43 PM, Mancode said: lol dont believe in these netflix documentries , if he is really bad boy , he could have fled long way back to tax haven country , it was bureaucracy SEBI ( finance ministry) and courts , made his life worse Expand not just the documentary, there are many records which shows his pyramid scheme and how he got there I don’t know why he didn’t fled maybe because he was treated like god in his place Quote Link to comment Share on other sites More sharing options...
Mancode Posted November 16, 2023 Author Report Share Posted November 16, 2023 On 11/16/2023 at 9:47 PM, shaktimaan said: not just the documentary, there are many records which shows his pyramid scheme and how he got there I don’t know why he didn’t fled maybe because he was treated like god in his place Expand it was another chit fund company like margaradarsi or sriram chits been there for past 30 years , so why sebi suddenly one fine day says he cant do that business , and ask him to close the shop and he gave all the investor and depositirs info to sebi , and want them to allow him to pay his depositors first, but sebi said no ( u know why sonia gandhi angle) came up here , so went to supreme court and sc asked him to deposit 25 k crore with sebi and let depositors be paid , he deposited 25 k crore,IT attached his assets and sebi auctioning, and still faced jail and harrasment from media ...and made all thesse dumb shows like netflix bad boy billionaries he has assets and has many other businesses , he could have easily liquidate his assets if he has given a fair deal Quote Link to comment Share on other sites More sharing options...
Mancode Posted November 16, 2023 Author Report Share Posted November 16, 2023 Sebi-Sahara row: Why people are still willing to deposit money with Subrata Roy's company Two days ago, some 24 hours after Sahara's Subrata Roy was arrested at the command of the Supreme Court, I had an interesting phone conversation with a Sahara depositor. This was someone who was not just made a deposit with Sahara in the past, but was planning to do so again soon. He knows many people who are regular Sahara depositors. He had a form with him for two schemes. One of them offered a gain of 10% for a tenure of one year, and the other, a gain of 40% for a deposit period of 48 months. That's also about 10%. There are several things here that those who are acquainted with the Sahara affair only through TV and newspapers would find surprising. One, there is still financial business being conducted under the Sahara brand. This example is from Jharkhand, and not from a small town either. Two, there are people who are still willing to deposit money with Sahara. This particular depositor is an educated man who has access to the entire range of financial instruments. Three, I think there are at least some media commentators who would be surprised that there is any such thing as a Sahara depositor. And four, those who'll try to think through this thing will see that 10% per annum is hardly an outsize or a Ponzi-like return being offered. So why are people still willing to deposit money with Sahara? As far as I can see, simply because they started doing so in the past and the experience has not been negative. They did so in the past, got their money back with the promised returns and it just goes on, even when they have access to alternatives. One thing about Sahara, which is getting lost in the excitement about the legal tricks that the Sahara group has been playing with Sebi and RBI, is that there is a real savings and investments business that exists. This business is likely to be illegal now, likely to be declining, it may be wrapped up in a larger money-laundering scheme, and its scale may be smaller than the claims of Sahara. However, there really are a large number of depositors who use Sahara's services and have done so for years, even decades. This is something that anyone who has first-hand familiarity with life in small towns of the Hindi belt can vouch for. This business still exists. When, in 2008, RBI asked Sahara to wind up this business, it should have done so in a law-abiding manner. However, it didn't and RBI failed to detect that it didn't. Currently, there is a lot of noise being made about the interests of depositors by various authorities and the media. However, the actual focus and the actions do not have the depositors' interests at heart. One reason is that there is a certain belief that these depositors don't exist, that Sahara is entirely a money-laundering scheme. This simply isn't true. To my mind, the most important question today is what is the real base of investors and if there are enough assets backing their deposits. The long period over which Sahara has existed and the reasonable returns it offers make it unlikely that it's an out-and-out ponzi scheme like Saradha in Bengal and so many others. However, there may well be some shortfall in assets. Sahara may be a rogue financial institution. And if the rogue part of that description is true, but so is the financial institution part. The most important thing today is to provide a safe exit to real depositors. The cat and mouse game of the so-called Sahara Shri will no doubt continue to entertain all of us for a while. However, someone needs to pay some attention to the real small depositors. By: Dhirendra Kumar CEO, Value Research @shaktimaan Sebi-Sahara row: Why people are still willing to deposit money with Subrata Roy's company Quote Link to comment Share on other sites More sharing options...
nokia123 Posted November 16, 2023 Report Share Posted November 16, 2023 On 11/16/2023 at 9:24 PM, Mancode said: political witch hunt by sonia gandhi due to his opposition of sonia gandhi becoming prime minister of india due to her foreign origins he collected deposits like any other NBFC and sahara being big company in north india , crores of people invested , and he always wanted to pay back if RBI or SEBI dont want him in finance business and paid 95% of money back to investors sahara once owned grosvenor house hote at heart of london city and plaza,dream downhotels in newyork earliest company to have a formula one racing team , owns lot of sports teams indian cricket team sponsor and helped kargil war heroes by financial support , uttarakhand floods did lot of good work , visionary political persecution ki balaina maro hero its unfortunate modi govt could have pulled out this guy from cases , he fight dying cases in later life , his 25k crore money is with SEBI , emavudhho adhi motham, Sahara ESI case undhi he used his employees EPF money , that was cleared by then union labour minister kcr , govt could have asked him to liquidate his assets and pay money back to employees, but delays happen in courts and bueracracy which make any business to function smooth Expand Political witch hunt idhantha? emaindhi Sonia ki veediki madhya lolli endhi…aame Pm avvataniki veedi abhyantharam emiti…how is he connected? details seppu baa Quote Link to comment Share on other sites More sharing options...
nokia123 Posted November 16, 2023 Report Share Posted November 16, 2023 On 11/16/2023 at 10:23 PM, Mancode said: Sebi-Sahara row: Why people are still willing to deposit money with Subrata Roy's company Two days ago, some 24 hours after Sahara's Subrata Roy was arrested at the command of the Supreme Court, I had an interesting phone conversation with a Sahara depositor. This was someone who was not just made a deposit with Sahara in the past, but was planning to do so again soon. He knows many people who are regular Sahara depositors. He had a form with him for two schemes. One of them offered a gain of 10% for a tenure of one year, and the other, a gain of 40% for a deposit period of 48 months. That's also about 10%. There are several things here that those who are acquainted with the Sahara affair only through TV and newspapers would find surprising. One, there is still financial business being conducted under the Sahara brand. This example is from Jharkhand, and not from a small town either. Two, there are people who are still willing to deposit money with Sahara. This particular depositor is an educated man who has access to the entire range of financial instruments. Three, I think there are at least some media commentators who would be surprised that there is any such thing as a Sahara depositor. And four, those who'll try to think through this thing will see that 10% per annum is hardly an outsize or a Ponzi-like return being offered. So why are people still willing to deposit money with Sahara? As far as I can see, simply because they started doing so in the past and the experience has not been negative. They did so in the past, got their money back with the promised returns and it just goes on, even when they have access to alternatives. One thing about Sahara, which is getting lost in the excitement about the legal tricks that the Sahara group has been playing with Sebi and RBI, is that there is a real savings and investments business that exists. This business is likely to be illegal now, likely to be declining, it may be wrapped up in a larger money-laundering scheme, and its scale may be smaller than the claims of Sahara. However, there really are a large number of depositors who use Sahara's services and have done so for years, even decades. This is something that anyone who has first-hand familiarity with life in small towns of the Hindi belt can vouch for. This business still exists. When, in 2008, RBI asked Sahara to wind up this business, it should have done so in a law-abiding manner. However, it didn't and RBI failed to detect that it didn't. Currently, there is a lot of noise being made about the interests of depositors by various authorities and the media. However, the actual focus and the actions do not have the depositors' interests at heart. One reason is that there is a certain belief that these depositors don't exist, that Sahara is entirely a money-laundering scheme. This simply isn't true. To my mind, the most important question today is what is the real base of investors and if there are enough assets backing their deposits. The long period over which Sahara has existed and the reasonable returns it offers make it unlikely that it's an out-and-out ponzi scheme like Saradha in Bengal and so many others. However, there may well be some shortfall in assets. Sahara may be a rogue financial institution. And if the rogue part of that description is true, but so is the financial institution part. The most important thing today is to provide a safe exit to real depositors. The cat and mouse game of the so-called Sahara Shri will no doubt continue to entertain all of us for a while. However, someone needs to pay some attention to the real small depositors. By: Dhirendra Kumar CEO, Value Research @shaktimaan Sebi-Sahara row: Why people are still willing to deposit money with Subrata Roy's company Expand Depositera ki money inka back ki raledhu..mari veedini arrest sesi , businesses muyyinchi emi ikkinattu govt, sebi and rbi ? Quote Link to comment Share on other sites More sharing options...
Mancode Posted November 16, 2023 Author Report Share Posted November 16, 2023 On 11/16/2023 at 10:34 PM, nokia123 said: Depositera ki money inka back ki raledhu..mari veedini arrest sesi , businesses muyyinchi emi ikkinattu govt, sebi and rbi ? Expand it was not a ponzi scheme , so i dont know why govt should have a problem RBI used to monitor his businesses until 2008-09 everything seems alright he claims he paid almost 95% depositors , sebi says no he didnt , money is with sebi , so whats stopping them from identifying and paying depositors everyone has same question, meybe staff shortage of sebi Quote Link to comment Share on other sites More sharing options...
Mancode Posted November 16, 2023 Author Report Share Posted November 16, 2023 if he is gujju , he would have definetly bailed out by now , or moshah would have asked them to jump to taxen haven countries like nirav modi or mehul choksi Quote Link to comment Share on other sites More sharing options...
Android_Halwa Posted November 16, 2023 Report Share Posted November 16, 2023 Just another ponzi scheme… Uneducated and poor people nundi 10 Rs and 5 Rs kuda vasool chesindu…millions of people deposited their hard earned money with Sahara. A paisal enni petti other businesses ni fund cheyadam, returns kadu kada asalu kuda iyaledu…no paper trail for such deposits, no records exists. Just money came in as cash and diverted to other business. Mari depositors ki evadu iyali ante sappuda cheyaru… Oka subrato…oka ramoji…Scions and icons of Ponzi schemes. 1 Quote Link to comment Share on other sites More sharing options...
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