He went on to assert that SEBI have been reacting on its own making dubious claims regarding Sahara whereas truth was something else. He also claimed that the negative approach towards Sahara was due to some political designs.
He even said that Sahara has given the sum to SEBI and those investors who have not received their money can turn to SEBI for their claim.
Initial, it was the starting of some political vendetta due to unknown reasons which later turned into series of such bombardments.
Roy said that he had a meagre amount of investment in his personal name and it was the family of Sahara India Pariwar which directed him to come live on television to cement its claims. As being the guardian of pariwar, the future of over 10 lakh employees becomes his responsibility.
Earlier, on February 13, 2013, market regulator SEBI had directed to freeze the bank accounts of the two Sahara Group companies SIRECL and SHICL.
The orders came after Sahara failed to refund Rs. 24,000 crore to investors as directed by the Supreme Court.
SEBI had even moved the Supreme Court asking for the detention of Subrata Roy Sahara, chairman of the Sahara Group, and directors Ravi Shankar Dubey and Ashok Roy Choudhary.
Roy even challenged SEBI for a live debate on national television regarding the refund of investors' money and the claims made by the market regulator.
On April 10, 2013, Subrata Roy along with three other top executives appeared before market regulator SEBI for the questioning. Roy hit back at SEBI saying that it was the regulator which is delaying repayments of investors.
Tags : Subrata Roy , SEBI , Live On Television , Investors , Sahara India
