In a shocking revelation, Sahara Group claimed that the worth of its chief, Subrata Roy was about Rs 3 crore only.
The Roy ked group is facing a possibility of sale of assets by Sebi to generate money for Rs 24,000-crore investor refund. Earlier, Sebi had summoned the Sahara group chairman, along with three other top executives - Vandana Bhargava, R S Dubey and Ashok Roy Choudhury.
According to reports, the group said, while listing out the details presented before Sebi, "Subrata Roy's personal assets were around Rs 3 crore only." Sebi was looking to finalise the list of their and the two Sahara companies' assets that could be sold to realise funds to be returned to the investors.
Two Sahara companies, SIRECL and SHICL, have been ordered by the Supreme Court to refund over Rs 24,000 crore raised from more than three crore bondholders.