Voice of India about SAHARA INDIA Scam

SAHARA INDIA has got many of the Politicians and Big Personalities Money involved in it, that's why everyone is silent. SAHARA is like swiss bank of India.

There is a reason why a Media outlet must stay clear of Politicians and too much Political influence. Channels like NDTV and CNN-IBN who frequently crown Politicians with all kinds of awards can hardly be expected to report honestly. Their dishonesty and corruption in news reporting and analysis has been evident to almost every observer. This may be one of the reasons why media has not reported this aspect SAHARA INDIA scam.

Here is a detailed specifications which will satisfy you on above statement about bold SAHARA INDIA SCAMS. Reviews of common people:

Vivek Soni

Enough proof to Show how the certain sections of people is not able to digest the success of Sahara's Financial inclusion Model.

Sneha vyas 

"Sahara India has been providing its services to our country since the past 33 years, their only aim has been to develop our country.. they are a very honest and trustworthy company.. and i would not think twice before investing with them again."

Bhushan

"Their business agenda is very simple..takes black money from different party, party leader and convert that to white through the so called small investor money..In the filling to SEBI sahara said their 90% of investor out of 30 million, don't have bank account for NEFT settlement of their balances. When sahara comeup with their IPO, we did lot of study on their model and conducted lot of interviews with lot of Inside people at sahara..They takes black money - convert to white and invest to different area. Only thing Sahara never was able to generate profit through any of their business ever..you take airlines, news paper, channel, Real estate, any sector they moved in. So ultimately they are running in losses but due to continuous flow of money we can not see that..Its like One the flood stop then only we can see sahara was nacked."

Jatin Saini

"Its really funny how badly SEBI is behaving. It seems desperate to nail Sahara as after failing to prove Subrata Roy's guilt in India, it is now begging foreign agencies to help them. What a pity. Nailing Sahara by hook or by crook is the only thing that seems to matter."                    

Jayvs (One of the customer of SAHARA INDIA) commented their emotions on a well known social site  on February 21, 2014 12:28 AM :-

"I think bhushan is very right.
I have also made investments into Sahara but after the SEBI case i have stopped that.
and then i got to know the real face of SAHARA. These idiots are not returning my money saying that it will only be returned after the maturity date.although their pollicy is now banned by SEBI.
These frauds have opened a new scheme now and transferred all our investments into that. And they are showing to the court that they have returned the money to their investors which is a lie.

SAHARA is a big fraud. But i think it has got many of the politicians money involved in it, that's why everyone is silent.
SAHARA is like swiss bank of India."


Samerer Dhamnani

"what is the company registered as? is it a ltd or pvt ltd or trust or Section 25 company? Sahara India Pariwar gives no clue to its constitution, which is mandated by companies act. nobody yet has given any clue on this aspect yet everybody calls it a company. "


The central bank also cautioned that it would not guarantee the repayment of deposits accepted by “Sahara India Financial Corporation Limited or any other company in that group.”
The public notice comes after RBI received complaints from individuals that the Sahara group is mobilizing money from the public under the generic name of Sahara Pariwar and Sahara India Pariwar.
“There appears to be a misconception in the minds of public that the Reserve Bank is the regulator of entire Sahara group of companies, leading to mistaken comfort in its deposit offers,” the RBI notice said.
Only three Sahara group entities are registered with RBI -- Sahara India Financial Corp. Ltd (SIFCL), Sahara India Corp Investment Ltd (SICIL) and Sahara India Infrastructural Development Ltd. (SIIDL)
Of these three entities, SIFCL, a residual non-banking company, has been directed by RBI to phase out acceptance of deposits from the public. SICIL and SIIDL are not authorized to accept deposits from the public.

The difference between approach of RBI & SEBI is evident. RBI took pain is solving the issue & the issue was resolved amicably, it found nothing such as fictitious depositors. The issue of unclaimed deposit will be there for any financial institution (bank, insurance company) which is dealing with public. SEBI instead of doing any effort is hiding behind Hon'ble Court and creating a unfortunate perception of making Hon'ble Court a party to the case. SEBI has made a mess of this case and giving a
impression that Sahara is not fighting case "IN" Hon'ble Court but is
fighting a case "WITH" Hon'ble Court. Very unfortunate for the
Country.
Only amicable solution to the problem is that Hon'ble Court should make Sahara & SEBI sit together for resolving the issue under its guidance. After all the issue involves Crores of Investors & lacs of Workers