Sahara Group says Enough is Enough

FOR ABSOLUTELY NO FAULT OF OURS ALL, SEBI is continuously damaging Sahara"s hard earned, clean image, reputation and goodwill earned in last 34 years, by deliberately farming wrong orders and leaking them to press and electronic channels. Such malafide acts completely destroy the credibility of SEBI and show clearly that it is acting under the diktata of powerful third parties, who are determined irreparable damage to sahara.

SEBI is deliberately doing absolute wrong to us- to 10 Lac worker's families, to crores of small esteemed investors, who do not go to the bank and neither does the bank and neither does the bank go to them.

Enough is Enough , I hereby challenge and invite the chairman or/and Members or/and Executive Directors of SEBI for a live debate withme on a TV channel and let people know their wrong intent and deed, as a corporate

I solicit and invite SEBI for such a Live Debate and for that, to let us know a specific date which may be suitable to them, with a request of giving at least 10 days notice for organizing the appropriate channel and necessary time slot of 60 minutes on TV channel.

I myself will sit to expose the truth as it is my moral duty being a responsible citizen of India and also responsible for Crores and Crores of Esteemed Investors and 10 Lac workers of Sahara

Many many crores families of Hon'ble Depositors, Investors, Customers and lakhs of workers (in all, around 28 crores citizens of India) have no problem, no grievance against sahara, than why does the regulator/system have it?

I also wonder why SEBI is talking about my detention. I would like to clarify that even if SEBI intends to force me out of the country, they are never going to succeed. I can never even think of that. I love my country and I will always live in my last breath.

Whatever fight I have to go for, I will. My father always taught me not to do wrong, not to render injustice to anybody and neither ro accept injustice or wrong from anybody.

Rather, I need to say something to the chairmen of SEBI. I have personally written to him thrice seeking an appointment. Till date, however, my request has not been entertained.

I emotionally appeal my beloved countrymen to come forward and kindly help 10 Lac Abiding, Disciplined, Absolutely Honest, Dedicated 'Bharat Maa' Loving people of India.

Since, last 34 years we have always very respectfully and genuinely said that our judiciary is above board and we have immense respect and faith in our judical system.

In this case, SEBI has, all along given misleading and mischievous information, and twisted interpretation of Law. Well temporarily they are trying to be a winner but we hope truth will triumph, when records of refunds will be verified as the right thing ultimately be right and it can be proved wrong. Also a wrong cannot ultimately be proved right.

Shri B.N Agarwal was appointed on 31st May 2012 by the Hon'ble supreme Court oversees proper compliance. We have requested Shri Agarwal telephonically as well as in writing many times but he has always declined to meet anybody from Sahara till today.

Now after this, he has written so much against Sahara which has been submitted by SEBI to the Hon'ble Supreme Court on the 15th March 2013. I.A

SEBI’S Malicious Act

Everyday, SEBI is malolusly leaking to media (reason best known to SEBI), one or the other news, without any substance, against Sahara Group, to wreak personal vengeance ...by some officers involved in handling with the matter.

Now, In order to make further media publicity, SEBI has filled another status report and IA In the Supreme Court and even before mentioning the matter in the Horible Court, SEBI has supplied copy of the petitions and such reports to media, propagating the news about civil detention of the promoter and directors of the company. Ironically, the matter was mentioned before the Honorable Supreme Court and Honorable Court did not find any urgency and advised for listing of the matter in due course, after Holi vacations, SEBI is incorrectly seeking Civil Detention despite being well aware of the provision of law, which does not permit any such process. In a case of this nature and as under the SEBI Act, application of C>P>C is clearly barred and ruled out and also the fact that no question of any such non-compliance, on the part of Sahara officials do arise in view of the entire unpaid amount having been deposited with SEBI and the records of redemption made submitted to them for verification.

SEBI is not only providing false information to the Media, it has also hidden truth from the citizens of this country. Sahara has deposited TDS on the interest paid to the investors on behalf of the two Sahara Companies with the Income Tax Authorities. The TDS deposited is more than Rs.700 crores. These true facts are never reported to the Media by SEBI

ABOUT SEBI'S ONE RECENT ALLEGATION

"Out of the thousands of Sahara Investors, SEBI finds only 68 genuine investors"

SEBI's recent allegation is that there are few thousands investors who have not responded. SEBI should be wise enough to understand that all small investors who have already received payment shall definitely not correspond with SEBI or anybody for that matter. Allegation is absolutely baseless, concocted, unverified, malicious and in clear disregard of the Directions No.7 of the judgement dated 31.08.2012 passed by the Hon'ble Supreme Court, which reads -

"SEBI (WTM), in the event of finding that the genuineness of the subscribers is doubtful, an opportunity shall be afforded to Saharas to satisfactory establishes the same as being legitimate and valid. It shall be open to the Saharas in such an eventuality to associate the concerned subscribers to establish their claims. The decision of SEBI (WTM) in this behalf will be final and binding on Saharas as well as the subscribers."

SEBI knows since we have written so many times that millions of very small investors run their tea stalls, are small vendor’s etc.etc. Who are on highways. Their address may be Mr.X,N.H.-21, Gorakhpur. Millions of Rural people do not have House No., Mohalla etc. There are large numbers of small investors who do not own their houses and accordingly have shifted their address from time to time.

Our agent- introducers/office staff knows them very well and can arrange meeting any time with any authority, wherever and whenever required. You may point out any of the investors and our workers can produce them or enable you to reach them without any difficulty as they provide service to these investors on regular basis.

We challenge SEBI to find or prove even one fictitious investor.

However, SEBI has without giving us any such opportunity, though required to do so, has instead straightaway hurled these baseless and one sided allegations.

Should SEBI under any need, under any law, under any logic, under any Hon'able Court's Direction attach group Chairman's and 3 Directors properties, bank accounts, etc.etc? NO, THEY DON'T HAVE ANY REASON OR RIGHT.