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Briefly Business: Don’t try to take us for ride: SC warns Sahara

They (Sebi) are statutory authority,performing duties,implementing our orders.

Published: December 12, 2013 3:19:59 am

New Delhi: The Supreme Court on Wednesday pulled up the Sahara Group for issuing advertisements accusing Sebi of being a “sarkari gunda” (government goon) for taking action against it for not refunding over Rs 20,000 crore to investors. A bench of justices KS Radhakrishnan and JS Khehar took strong exception to Sahara’s advertisements. “…Don’t try to take us for a ride… You must understand you are facing contempt. Such acts will precipitate the matters. They (Sebi) are statutory authority,performing duties,implementing our orders. What is this?” the bench said.

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