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Showing posts from September, 2021

Case which we can never forget:

 History have witnessed many law suits which are definitely  hard to forget, media coverage of these case is one of such reason, which makes them unforgettable. Sahara group Scam: Sahara Group chairman Subrata Roy and Vijay Mallya had a lot in common. Both successful businessmen had a passion for sports. The two also had their own IPL teams, Sahara Pune Warriors and Royal Challengers Bangalore (after resigning as the chief of UB Group Mallya is technically not the owner of RCB). In fact, the duo jointly owns the Sahara Force India Formula 1 team. Sahara Group was accused of failing to refund over Rs. 20,000 crore to its more than 30 million small investors which it collected through two unlisted companies of Sahara. In 2011, SEBI ( Security and Exchange Board of India ) ordered Sahara to refund this amount with interest to the investors, as the issue was not in compliance with the requirements applicable to the public offerings of securities. Roy was arrested on 28th Feb...