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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