Sahara Boss's Justification on SEBI's Detrimental Accusations

The much talked about legal battle between Sahara and SEBI seems to be firing on all cylinders now. After a series of allegations made by SEBI throughout recent times, Sahara boss has come strongly to shed some light on the issue which has been making news in all corners of the nation. The Sahara chairman has promptly invited the SEBI team for a live debate so that the truth is in front of everyone. It is commendable on the part of Sahara's boss to address the nation through a wide reaching medium. He spoke about the recent allegation by SEBI which is an addition to the previous ones directed to tarnish the company's worldwide image and repute. SEBI has claimed "Out of thousands of investors, SEBI finds only 68 genuine investors". It must be concerning on SEBI’s part if they are know what are facts involved in the accusation. The Sahara chairman came up with an apt reply to this recent allegation. The chairman used the most appropriate medium to explain the issue to SEBI in a subtle and simple way. It is simple to understand that the small investors who have received their payments already would not waste their time corresponding with SEBI. The chairman has also mentioned that the company is in regular touch with these investors and they would be more than happy to arrange a meeting with the concerned authority. This confident claim surely explains that the company is concerned about their investors and is communicating with them regularly. SEBI must comeback with their own justifications to support the allegations which the regulator has made. 

Now the question to be asked is who would the investors keep faith in? Sahara is the company they have kept faith in for so many years and is communicating with them so frequently. SEBI is a regulator established by the government of India, which leaves the common man in two minds. Sahara has termed these allegations baseless, malicious and unverified. It does give out a picture that SEBI has been spreading these baseless allegations about Sahara with a motive of venting personal vengeance. Everyone knows earning personal vengeance is not so hard if you are one of the leading organizations in the world. There would be many companies who would benefit from defamation of Sahara. These companies can easily pose as a third party lending fuel to this fire against Sahara. The reasons for this tirade would be best known to SEBI. Every eye in the nation would be keeping vigil on this high profile issue now. This episode gives way to 2 major questions. How will SEBI react to this transparent justification by Sahara? Will SEBI come out with an apt justification to answer it on their part? Whatever be the case the Sahara- SEBI episode leaves many questions unanswered.

Sahara’s Answer to Longing Tirade by SEBI

The Sahara chairman has come out in complete transparency to minus out SEBI'S malicious act directed at destroying Sahara's goodwill and repute of so many years. He has been pretty clear in highlighting the main points which were under the hiding from the common man. The comments seemed to be simple answers by Sahara against SEBI's biased and uncalled tirade against the company. The answers by Sahara against the regulator's accusations reflected in a positive reply with an array of words of patriotism. Sahara has stated that it maintains the faith in the judicial system, and has been co operating with the judicial process. As a neutral I do understand the concern and ambiguity of people in these times. If as an investor, you have placed your belief in Sahara for so many years. Can you lose it on the allegation of SEBI? SEBI has had voluminous amount of loopholes in their allegations. If we consider the case of Golden Forest Investors which was banned by SEBI, the investors did not receive even a single penny in 10 years, so how can an investor believe that SEBI will pay the investors back. SEBI has been involved in money laundering activities. The regulator been running in pace to top the charts of corruption in the country. The question is whom should the people believe in? It is a known fact that Sahara is a reputed company.

Everyone knows that with fame and reputation, maligning and defaming acts follow. It would be very easy for SEBI to act for various third parties involved in destroying the company's hard earned image. It’s still very unclear if the regulator is doing these acts on purpose. It was nice to see the chairman raise this issue and invite the people from SEBI for a live debate in an open forum from a neutral point of view. He clearly explained that it’s his moral duty to expose the loopholes in these allegations. It must be a sign of huge reprieve for the people, investors and families involved with Sahara to see this development. It was surprising to hear that the chairman has written thrice to the regulator but to no avail. It would be hugely beneficial for the people involved with Sahara that the both parties clear off this issue at the earliest.