After SC verdict,Sahara assures depositors their funds safe

Sahara was reacting to the Supreme Court judgement which directed two of its companies to refund around Rs 24,000 crore to their investors within three months with 15 per cent interest per annum.

The group also claimed that in the last 33 years there is not a single complaint of non-payment,whereas it had paid around Rs.1,40,000 crores maturity/redemption against the enrollment of around 12 crores investors.

8220;We want to inform all our depositors and investors that you need not worry about anything8230;as Sahara is the most dutiful and absolute honest custodians of your money8230;and there cannot be even one day delay in any payment commitment of Sahara,8221; it said in a statement.

The group also said there is not a 8220;single benami money8221; with it.

It alleged that the authorities concerned presented acts incorrectly before the apex court and in such a manner so as to create a 8220;false and negative8221; perception about the group.

The Sahara group also said it has not done anything ever against the law or spirit of law and has not done 8220;one rupee black money.8221;

It blamed 8220;irresponsible8221; people to conclude that the funds with the group is all 8220;ill-gotten money8221; and 8220;from the politicians8221; whereas around 90 per cent of its depositors are those very small investors.