INVESTOR

FRAUD CASE

Nidhi Dholakia
20221028
MMS – A
 BACKGROUND
Nov • SEBI barred SIREC & SHIC
201
0
• To
Oct • SAT order to refund Rs. 17,656 crore
tal within 6 weeks +15% Interest
201
1 Du
es
Aug • Supreme Court directed to refundsta
Rs. 24,400 crore
201
2
nd
up
Mar
to
201 Rs
5
.
40
,0
 FINANCIAL REGULATIONS
1. Investment Regulations
2. KYC SEBI
3. Companies Act, 2013
4. SEBI (Investigation and Inquiry Powers) Act, 2013
5. SEBI (Investor Education and Protection Fund) Act, 1978

SAHARA
GROUP

Supreme
SAT
Court
 CHALLENGES
Legal Practical
Challenges Challenges
Financial
Jurisdictional
Strain on
Ambiguity
Sahara

Non- Erosion of
Compliance by Investor
Sahara confidence

Lack of
Transparency
 FINDINGS
 Supreme Court Verdict
 Asset Sales
 Refunds (Rs. 1.3 billion)