Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Sunday, July 23, 2023

Small Creditors : finally no more Be-Sahara ?

 Small Creditors : finally no more Be-Sahara ?


https://lnkd.in/d7ZmUx75
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Extract :

These days , Sahara-Shree Subroto Roy seems to be , Be-Sahara Shree !

He is in jail for past 3 months or so

And Supreme Court won't let him out on bail , unless he deposits Rs 5,000 Crores in cash and furnish a surety bond of an equal amount

Then within a few weeks , Supreme Court wants him to hand over to SEBI , Rs 24,000 Crores that SEBI claims he raised illegally from " Public "

But Subroto says ,

" What public ?

I am ready to pay-off all of my depositors , if only , they would come forward to claim their deposits


I have raised , a few rupees each ( Rs 5 - Rs 10 ), from millions of small
depositors , all of whom , gave their postal address as , " Delhi-Agra Road ", or " Kanpur - Lucknow Road "


I just can't find them "

Now , all of us ( Supreme Court and SEBI included ) , know that ,

> Those Rs 24,000 Crores belong to politicians ( - most who got defeated in
recent Lok Sabha elections ) , businessmen / bureaucrats / film stars etc

>  Each of them have given this in CASH to Sahara-Shree ( Range : Rs 10 -
100 crores )

>  Sahara-Shree knows that they don't dare to publicly ask him to return
their deposits . He managed to render them be-sahara !

>   Neither Sahara , nor SEBI have true addresses of those fake depositors

So , what happens now ?

>  Subroto will be forced to sell most of his properties to raise money

>  To ensure that there is no hanky-panky in sale of these properties ,
Supreme Court may appoint some world-famous Real Estate
Consultants to conduct e-Auctions for each of these assets

>    SEBI will have a windfall of Rs 24,000 Crores that no one wants !

>    SEBI will deposit it with banks and earn a fat interest - for ever

I would say , a smart way to convert BLACK money into WHITE money !

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Be-Sahara Shree ? ......... 05 June 2014

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