SEBI demands Rs 62,600 crore from Sahara in Supreme Court petition

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India’s market regulator has filed a petition with the Supreme Court asking it to direct embattled Sahara conglomerate chief Subrata Roy and two of his companies to deposit Rs 62,600 crore ($8.4 billion) that it said was due to its investors.

The SEBI told the Supreme Court that Sahara had failed to comply with 2012 and 2015 court orders to deposit the entire amount it collected from investors along with 15% annual intrest.

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