00:00 The founder of Sahara Group Subrata Roy has passed away.
00:03 After his death, the government can now benefit from thousands of crores.
00:08 There is a claim in the news that the government is considering legal options to transfer Sahara's unclaimed funds to its treasury.
00:17 After the death of the founder of Sahara, the capital market regulator SEBI has once again raised the issue of the undistributed amount of more than Rs 25,000 crores.
00:30 The government is considering legal options to transfer the funds from the Sahara Group to the treasury.
00:41 The question is, will the government get the Rs 25,000 crores from Sahara after Subrata Roy's death?
00:50 Let's find out in detail.
00:52 According to an economic Times report, the government is considering legal options to transfer the funds from the Sahara to the SEBI refund account.
01:08 No one has yet claimed for them. According to the report, the government started thinking about this after the death of the founder of Sahara, Subrata Roy.
01:19 SEBI has said in its order that both companies violated its rules and regulations and collected money.
01:26 After a long legal battle, the Supreme Court on 31 August 2012, kept the SEBI's instructions and asked both companies to refund 15% of the money collected from the investors with interest.
01:39 After this, SEBI was asked to deposit an estimated Rs 4000 crores to return the money to the investors.
01:47 However, the group has repeatedly said that it has already paid more than 95% of the investors directly.
01:55 To return the money of the investors who invested in the Sahara Group, a SEBI refund account was created.
02:02 This account was created 11 years ago.
02:04 The report says that in the past 11 years, no claimant has come forward claiming SEBI Sahara refund account.
02:12 And for this reason, the government is now considering transferring the funds to a consolidated fund of India in a separate account.
02:20 After transferring, a separate arrangement can be made to return the money of the investors.
02:25 According to the annual report, SEBI received 19,650 applications related to 53,687 accounts by 31 March 2023.
02:36 So far, 17,526 applicants of the Sahara Group have been paid Rs 138 crores, which includes 48,326 accounts, including Rs 66.98 crores in interest.
02:52 If we look at the figures up to 31 March, the recovery figure from the accounts opened by the Sahara Group and different government banks is Rs 25,163 crores.
03:03 In this way, there is a fund of more than Rs 25,000 crores for which no claim has been received, which can now be transferred to the government treasury.
03:13 In the past few days, Home Minister Amit Shah has started an initiative to return money to the investors of the Sahara Group, for which a special portal has also started.
03:23 To return the money to the investors, Rs 5,000 crores have been transferred to the Central Registrar of Cooperative Societies.
03:30 Even after that, more than Rs 20,000 crores have been saved in the refund fund.
03:35 According to the report, no one has been able to find anyone who has claimed for this fund through SEBI, and in such a situation, the government can use it.
03:44 The use of money can be done on such schemes in the welfare of the society and the welfare of the poor.
03:50 If we talk about Subrata Roy, then he is the founder of the Sahara Group, he had established a huge business empire.
04:00 He was admitted to the Kokela Ben Dhirubhai Ambani Hospital in Mumbai on Monday, when he was unwell.
04:05 On Tuesday, he died during the treatment on November 14, he was 75 years old.
04:09 What do you have to say about this government decision?
04:11 Is this money worth Rs 25,000 crores?
04:13 Should it go to the treasury?
04:15 Do not tell us by commenting.
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