The Supreme Court Tuesday directed the Sahara Group to furnish to Sebi all documents relating to receipt of money that was purportedly used in refunding investors, while also refusing to let its chief Subrata Roy fly abroad for business.
Taking on record Sebi’s submissions, a bench of Justices KS Radhakrishnan and JS Khehar asked the group to adduce bank statements and other records relating to money received by Sahara from various other entities so as to how and when such monies were transferred.
The court also called for documents to show how was this money used in redeeming investors.
“You explain the source of money and how were refunds made. If you can show this satisfactorily, that is the end of the matter,” remarked the bench while fixing February 11 as the next date of hearing.
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