Mon, Feb 20, 2017 | updated 02:19 PM IST

SC asks Sahara 'source' of Rs. 18,000 crores refunded to investors

Updated: Sep 02, 2016 16:32 IST

New Delhi [India], Sept. 2 (ANI): The Supreme Court on Friday has asked Sahara India to specify the source of money- Rs 18,000 crores- which it claims to have refunded to investors.

The apex court doubted on the source of money and said it is difficult to digest that so much amount has been refunded in such a short span of time.

Defending it, Sahara India lawyers Kapil Sibal said that the company had received Rs. 310 crores as advance for deal of Grosvenor house hotel.

Supreme Court refuses to pass any order on the application to deposit additional money.

The top court told Sahara, "We will close the entire Pandora's Box if you show us the source of refund money."

Sahara has returned a total of Rs 18,000 crores to its investors.

Next hearing in this case is scheduled to be held on September 16 in which the company has to disclose the amount before the court.

Sahara India chief Subrata Roy was arrested in February 2014 in the money fraud case for failure to comply with 2012 order directing him to return investors' Rs 17,600 crores with 15 percent interest.

Roy has been directly charged in the case pertaining to non-refund of nearly Rs 20,000 crores to investors. (ANI)

Orai (Allahabad) [India], Feb. 20 (ANI): Hitting back at Bahujan Samaj Party (BSP) chief Mayawati's opposition to the Centre's demonetisation drive, Prime Minister Narendra Modi on Monday said the nature of the party has changed to 'Behenji Sampatti Party' and accused her for amassing ill-gotten wealth after demonetisation.

Full Story >>

Alwar (Rajasthan) [India], Feb. 20 (ANI): A minor girl from Rajasthan's Alwar district was rescued by local villagers after her father had sold her off for Rs. 7 lakh to unknown persons in Haryana.

Full Story >>

Srinagar [India], Feb. 20 (ANI): In view of the Shivratri or Herath festival celebrations in the state, the Hurriyat leadership in Jammu and Kashmir has called off its strike on Friday.

Full Story >>

Mumbai (Maharashtra), Feb.20 (ANI): Former IPL player Harmeet Singh was detained by the Mumbai police on Monday when he barged into a crowded platform of the Andheri Railway station.

Full Story >>

New Delhi [India], Feb. 20 (ANI): Branding Prime Minister Narendra Modi's "Diwali, Ramzan bhed-bhav" remark as deplorable, Secretary of the Legal and Human Rights Department of the Congress party K.C. Mittal on Monday appealed to the Election Commission to exercise its constitutional powers and take stern action to ensure that free and fair elections are held.

Full Story >>

Chennai (Tamil Nadu) [India], Feb. 20 (ANI): The Dravida Munnetra Kazhagam (DMK) on Monday approached the Madras High Court demanding that Chief Minister E.K. Palaniswami's trust vote in the State Assembly be declared null and void.

Full Story >>

New Delhi [India], Feb. 20 (ANI): The Special Court on Monday adjourned the hearing in the Coal Scam case for March 6th, as the Central Bureau of Investigation (CBI) has sought more time to examine documents pertaining to the matter.

Full Story >>

New Delhi [India], Feb. 20 (ANI): With Pakistan finally putting Hafiz Saeed, the co-founder of Lashkar-e-Taiba and the chief of Jamaat-ud-Dawah under the Anti-Terrorism Act, India has asserted that effective action mandated internationally against him is the first step in ridding the region of the twin menaces of terrorism and violent extremism.

Full Story >>

New Delhi [India], Feb.20 ANI: Days after a popular Malayalam actress was allegedly molested by her driver in Ernakulum district of Kerala, Member of All India Mahila congress, Shobha Oza, blamed the Communist Party governance in state asserting that crime is on the rise under the Pinarayi Vijayan-led government.

Full Story >>

New Delhi [India], Feb. 20 (ANI): After the unfortunate incident of a leading actor from Malayalam film industry being allegedly molested, many celebrities and dignitaries have rallied in support and the latest to join the list is Congress MP Shashi Tharoor, who has minced no words to condemn the incident.

Full Story >>

New Delhi [India], Feb. 20 (ANI): Samajwadi Party spokesman Rajendra Chaudhary courted controversy by branding Prime Minister Narendra Modi and Bharatiya Janata Party (BJP) President Amit Shah as 'terrorists', adding that they are trying to mislead voters in Uttar Pradesh to gather support for the party.

Full Story >>

Kohima [India], Feb. 20 (ANI): The ruling Naga People's Front (NPF) Legislature Party will meet in Kohima today to elect a new leader following the resignation of Nagaland Chief Minister TR Zeliang.

Full Story >>

New Delhi [India], Feb. 20 (ANI): In the aftermath of noted gangster Lovely Lamba's arrest in Ludhiana, Punjab, his supporters resorted to vandalism across the city, expressing their resentment over the same.

Full Story >>

New Delhi [India], Feb. 20 (ANI): A post office in Delhi's Anand Vihar was looted by five to six unknown men and around 17 bags on money were stolen on Sunday night.

Full Story >>

New Delhi [India], Feb. 20 (ANI): Prime Minister Narendra Modi on Monday greeted the states of Arunachal Pradesh and Mizoram on their Statehood Day, expressing his desire to see development usher into the states.

Full Story >>

New Delhi [India], Feb. 20 (ANI): With Prime Minister Narendra Modi courting controversy over his 'Diwali electricity' remark, the Congress on Monday took a jibe at him asking if he wanted to become a municipal commissioner, since he was showing a keen interest on local issues as distribution of electricity.

Full Story >>

New Delhi [India], Feb. 20 (ANI): The Congress is set to file a complaint against Prime Minister Narendra Modi over his controversial remarks made during his rally in Fatehpur district in Uttar Pradesh yesterday.

Full Story >>

New Delhi [India], Feb. 20 (ANI): Today is last date for withdrawal of nominations for the seventh and last phase of Assembly elections in Uttar Pradesh.

Full Story >>

Tundla(Uttar Pradesh), Feb. 20(ANI): Delhi-bound Kalindi Express collided with a freight train at Tundla junction in Uttar Pradesh in the early hours of Monday.

Full Story >>

Mumbai (Maharashtra) [India], Feb. 20 (ANI): Condemning Prime Minister Narendra Modi for drawing a parallel between Hindu and Muslim festivals, the Samajwadi Party leader Abu Azmi on Monday said that the former is just trying to create 'polarisation' by making such remarks.

Full Story >>