we dont care that if particular country is getting profit or not but at all cost Indian companies will be benefited from Bangladesh.
To be honest, it's more like ship breaking industry.
I dont like sahara, it feels like a fake company. I hope one day law catches up with it.
Sahara is one of the biggest fraud in india even Reserve Bank of India warned indians not to fall for their scheme. Awami League regime now bringing indian fraud Sahara into Bangladesh. Sheikh Hasina's family and Awami League leaders should be hanged upside down for bringing indian looting scheme under disguise of "investment" and for plan to hand over hundreds of thousands of acres land to Sahara.
RBI issues alert on Sahara schemes
OUR SPECIAL CORRESPONDENT
Mumbai, Jan. 18: The Reserve Bank of India (RBI) has advised investors to exercise caution when investing their money in any collective scheme in the name of the Sahara Pariwar — the second regulator after capital market watchdog Sebi to raise a warning flag against the Lucknow-based group’s deposit-raising spree.
The central bank has said the public should first verify the name of the company which issues the deposit receipt and whether that company is authorised by itself to accept deposits from the public.
“They are also cautioned that the Reserve Bank does not guarantee the repayment of deposits accepted by Sahara India Financial Corporation Ltd (SIFCL) or any other company in that group and these companies cannot use the name of the Reserve Bank in any manner while conducting their business,” it said in a public advisory issued today.
The RBI came out with the notice after it received complaints from some investors that the Sahara group had been mobilising deposits from the public under the generic name of “Sahara Pariwar/ Sahara India Pariwar”.
When contacted, a spokesperson from the Sahara group said that they had no immediate comments to offer on the issue and that they would respond on Wednesday.
The RBI said there was a “misconception” that the central bank was the regulator of the entire Sahara group of companies, leading to mistaken comfort in the group’s deposit offers.
It further clarified that within the group, only three entities — SIFCL, Sahara India Corp Investment Ltd and Sahara India Infrastructural Development Ltd — were registered with the RBI. The apex bank has not authorised Sahara India Corp Investment Ltd and Sahara India Infrastructural Development Ltd to accept deposits from the public.
On the other hand, SIFCL has been prohibited from accepting any fresh deposits maturing beyond June 30, 2011, and prohibited from accepting installments of existing deposits from that date. SIFCL has also to repay deposits as and when they mature and bring the aggregate liability towards depositors to zero on or before June 30, 2015.
Recently, Sebi warned investors that it would not be able to redress any complaint pertaining to debenture issues of two of Sahara companies. In a public notice issued on January 7, Sebi said the investors of Sahara India Real Estate Corporation Ltd and Sahara Housing Investment Corporation Ltd should take investment decision at their own risk.
The Telegraph - Calcutta (Kolkata) | Business | RBI issues alert on Sahara schemes
Last edited by idune; 07-01-2012 at 12:56 PM.
An off topic note, I would urge Bangladeshi posters to consider not using these punctuation marks ........... , as it seems in fashion with people from a certain country, not sure why though.
Forgot to take your morning medicine kalu?
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