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.
For absolutely no fault of Sahara at all, SEBI is continuously damaging Sahara's hard earned, clean image, reputation and goodwill earned in last 34 years, by deliberately framing 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 diktats of powerful third parties, who are determined to cause irreparable damage to Sahara.
ReplyDeleteIn 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 truth will triumph, when records of refund will be verified as the right thing shall ultimately be right and it can never be proved wrong.
ReplyDeleteSahara's chairman has come out in complete transparency to nullify SEBI's malafide acts directed to destroy Sahara's creditability. The investors and depositors have not come forward with any personal grievances against Sahara. The regulator has been using the situation to its favor to destroy Sahara's position in the nation.
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