Subrata Roy Death: Government in profit after the death of Subrata Roy, thousands of crores can come to the treasury

Subrata Roy, founder of Sahara Group, has passed away recently. After his death, the government can now get a profit of thousands of crores of rupees. It is being claimed in the news that the government is considering legal options to transfer Sahara’s unclaimed funds to its treasury.

The government is considering this matter

According to an Economic Times report, the government is looking into the legal aspects of how the money lying in the Sahara-SEBI refund account can be transferred to the Consolidated Fund of India, for which till now no Has not made a claim. According to the report, after the death of Sahara founder Subrata Roy last week, the government has started thinking about this.

He died in Mumbai last week

Talk about Subrata Roy. So he had built a huge business empire under Sahara Group. He was admitted to Kokilaben Dhirubhai Ambani Hospital in Mumbai last Sunday due to deteriorating health. He died during treatment on Tuesday 14 November. He was 75 years old. Sahara Group had released an official statement regarding his demise.

No claimants are coming forward

Sahara to return the money of the investors who invested in Sahara Group. SEBI refund account was created. This account was created 11 years ago. ET’s report states that in the last 11 years, not a single claimant has come forward to claim the money kept in the SEBI Sahara Refund Account. Quoting an official, the report said that for this reason the government is now considering transferring the fund to a separate account with the Consolidated Fund of India. After that, a separate arrangement can be made to return the investors’ money.

Funds worth thousands of crores are unclaimed

So far, Rs 138 crore has been paid to 17,526 applicants of Sahara Group. Has been done, in which 48,326 accounts are involved. According to the data till March 31, the figure of recovery made from accounts opened in Sahara Group and various government banks is Rs 25,163 crore. If seen in this way, there is currently a fund worth more than Rs 25 thousand crores, for which claims have not been received and which can now be transferred to the government treasury.

Can be used for these purposes


Recently, Home Minister Amit Shah had started the campaign to return money to the investors of Sahara Group, for which a special portal has been started. Rs 5000 crore has been transferred to the Central Registrar of Cooperative Societies to return money to investors. Even after that, an amount of more than Rs 20 thousand crore is left in the refund fund. According to the report, in case SEBI is not able to find the claimants for this fund, the government can use it. The money can be used on schemes for the welfare of the society or the welfare of the poor.

Also read: Term insurance is necessary for such people, decide after knowing these benefits.

Spices Export From India Is Growing Continuously Production Also Increased

Spices Export From India: India is the world's largest spice exporter. The aroma of Indian spices is spreading all over ...

After not getting a place for a long time, Asad Shafiq of Pakistan cricket team has retired from all forms of cricket.

Asad Shafiq: Pakistan's Asad Shafiq has said goodbye to all formats of cricket. Asad was out of Pakistan cricket team ...

Year Ender 2023: How was the year 2023 for Indian cricket, know 5 good and 5 bad memories

Indian Cricket Team: The year 2023 is almost over for the Indian cricket team. Although, Team India has gone to ...

Garlic Price Rise: When will we get relief from inflation? After onion and tomato, the price of garlic increased, it doubled in no time.

The last few months have proved to be very sensitive in terms of inflation. Especially in the case of food ...

Do you also have a WhatsApp channel? Company brings 3 new features, know details

WhatsApp has more than 2 billion active users worldwide. From time to time the company keeps bringing new updates to ...

Steve Job's Cheque: Check of Rs 300 and earning of Rs 30 lakh! This connection with Steve Jobs made it priceless

If you go to the bank, you must have definitely done the transaction through cheque. Generally it happens that whatever ...

Former South African Test captain Dean Elgar may retire after IND Vs SA Test series, know why?

Dean Elgar: The 2-match Test series between India and South Africa will start from 26 December. After this series, South ...

OLA Electric IPO DRHP Can Be File In This Month And Will Be First Automaker Public Issue In Last Twenty Years

OLA Electric IPO: Discussions have been going on for the IPO of Ola Electric Mobility for a long time and ...

RBI Cautions Public Against Unauthorized Campaigns On Loan Waiver In Social And Print Media | RBI Says: Social

RBI Warns On Loan Waiver Campaign: Have you taken loan from banks? Have you received an offer for loan waiver ...

Michong Cyclone Destroyed 11000 Crore Rupees Business In Chennai And Nearby Districts

Michong Cyclone: Cyclone Michong, which devastated many parts of Tamil Nadu, has left behind a scene of devastation. This storm ...

Leave a Comment