saharasri subrata roy died , great man

[Android_Halwa]

3 minutes ago, Mancode said:

it was not a ponzi scheme , so i dont know why govt should have a problem 

Really ? Piece of paper mida entry chesi deposits vasool chesinaru…like every other Ponzi schemer, initially andariki bagane ichindu returns kuda….atarvate modalu ayindi…such money got diverted to other businesses…some went bust and some never took off. Oksari Sahara India Parivar business chudu…10’s of business verticals but not even one successful venture. Where did they get the money come from? They do not even have the records of their depositors…

[nokia123]

8 minutes ago, Mancode said:

it was not a ponzi scheme , so i dont know why govt should have a problem 

RBI used to monitor his businesses until 2008-09 everything seems alright 

he claims he paid almost 95% depositors , sebi says no he didnt , money is with sebi , so whats stopping them from identifying and paying depositors

everyone has same question, meybe staff shortage of sebi

 

Enni years ayyindhi baa..inni rojulu staff shortage aa? Recruit sesukovacchu ga 

they have the money/ assets and it’s  depositors right to receive it back ..what is sebi doing with all that for these many years? Can’t depositors sue sebi 

[Mancode]

4 minutes ago, Android_Halwa said:

Really ? Piece of paper mida entry chesi deposits vasool chesinaru…like every other Ponzi schemer, initially andariki bagane ichindu returns kuda….atarvate modalu ayindi…such money got diverted to other businesses…some went bust and some never took off. Oksari Sahara India Parivar business chudu…10’s of business verticals but not even one successful venture. Where did they get the money come from? They do not even have the records of their depositors…

that was not factually true , he provided what documents he has of 128 trucks , and he is not in business in recent times , since 1978 , sahara was oldest of all non banking financial corporations (NBFC's) , yes they had other businesses too , formula one team, hockey ,cricket, badminton etc etc lot of sports owners and for some sponsoring, hospital in lucknow , hotels , construction and real estate .. 

people still have trust in his company , so still investing and getting returns , infact govt should make legal that anyone who has prior experience in working in banking or finance can setup their own NBFC or chit fund , banning them dont serve the purpose

[Mancode]

7 minutes ago, nokia123 said:

Enni years ayyindhi baa..inni rojulu staff shortage aa? Recruit sesukovacchu ga 

they have the money/ assets and it’s  depositors right to receive it back ..what is sebi doing with all that for these many years? Can’t depositors sue sebi 

well everything takes time with indian govt 

[venkappa]

2 hours ago, Mancode said:

political witch hunt by sonia gandhi due to his opposition of sonia gandhi becoming prime minister of india due to her foreign origins

he collected deposits like any other NBFC and sahara being big company in north india , crores of people invested , and he always wanted to pay back if RBI or SEBI dont want him in finance business and paid 95% of money back to investors

sahara once owned grosvenor house hote at heart of london city and plaza,dream downhotels in newyork

earliest company to have a formula one racing team , owns lot of sports teams 

indian cricket team sponsor and helped kargil war heroes by financial support , uttarakhand floods did lot of good work , visionary 

political persecution ki balaina maro hero

its unfortunate modi govt could have pulled out this guy from cases , he fight dying cases in later life , his 25k crore money is with SEBI , emavudhho adhi motham, Sahara ESI case undhi he used his employees EPF money , that was cleared by then union labour minister kcr , govt could have asked him to liquidate his assets and pay money back to employees, but delays happen in courts and bueracracy which make any business to function smooth

Sahara targeted the lower class for his ponzi scheme. Defrauding the rich is one thing, but defrauding poor people is quite despicable.

[Mancode]

1 minute ago, venkappa said:

Sahara targeted the lower class for his ponzi scheme. Defrauding the rich is one thing, but defrauding poor people is quite despicable.

lol u fell for media propaganda too

1 hour ago, Mancode said:

Sebi-Sahara row: Why people are still willing to deposit money with Subrata Roy's company

Two days ago, some 24 hours after Sahara's Subrata Roy was arrested at the command of the Supreme Court, I had an interesting phone conversation with a Sahara depositor. This was someone who was not just made a deposit with Sahara in the past, but was planning to do so again soon. He knows many people who are regular Sahara depositors. He had a form with him for two schemes. One of them offered a gain of 10% for a tenure of one year, and the other, a gain of 40% for a deposit period of 48 months.
That's also about 10%. There are several things here that those who are acquainted with the Sahara affair only through TV and newspapers would find surprising. One, there is still financial business being conducted under the Sahara brand. This example is from Jharkhand, and not from a small town either. Two, there are people who are still willing to deposit money with Sahara. This particular depositor is an educated man who has access to the entire range of financial instruments.
Three, I think there are at least some media commentators who would be surprised that there is any such thing as a Sahara depositor. And four, those who'll try to think through this thing will see that 10% per annum is hardly an outsize or a Ponzi-like return being offered.
So why are people still willing to deposit money with Sahara? As far as I can see, simply because they started doing so in the past and the experience has not been negative. They did so in the past, got their money back with the promised returns and it just goes on, even when they have access to alternatives.
One thing about Sahara, which is getting lost in the excitement about the legal tricks that the Sahara group has been playing with Sebi and RBI, is that there is a real savings and investments business that exists. This business is likely to be illegal now, likely to be declining, it may be wrapped up in a larger money-laundering scheme, and its scale may be smaller than the claims of Sahara.
However, there really are a large number of depositors who use Sahara's services and have done so for years, even decades. This is something that anyone who has first-hand familiarity with life in small towns of the Hindi belt can vouch for. This business still exists. When, in 2008, RBI asked Sahara to wind up this business, it should have done so in a law-abiding manner. However, it didn't and RBI failed to detect that it didn't.
Currently, there is a lot of noise being made about the interests of depositors by various authorities and the media. However, the actual focus and the actions do not have the depositors' interests at heart. One reason is that there is a certain belief that these depositors don't exist, that Sahara is entirely a money-laundering scheme.
This simply isn't true. To my mind, the most important question today is what is the real base of investors and if there are enough assets backing their deposits. The long period over which Sahara has existed and the reasonable returns it offers make it unlikely that it's an out-and-out ponzi scheme like Saradha in Bengal and so many others.
However, there may well be some shortfall in assets. Sahara may be a rogue financial institution. And if the rogue part of that description is true, but so is the financial institution part. The most important thing today is to provide a safe exit to real depositors. The cat and mouse game of the so-called Sahara Shri will no doubt continue to entertain all of us for a while. However, someone needs to pay some attention to the real small depositors.
By: Dhirendra Kumar CEO, Value Research @shaktimaan 
Sebi-Sahara row: Why people are still willing to deposit money with Subrata Roy's company