Sahara conglomerate, one of
India's biggest corporate groups,
met with representatives of market
regulator Securities and Exchange
Board of India (Sebi) today in
Mumbai to explain how the firm is
refunding thousands of small
investors, as ordered by the
Supreme Court. After the meeting,
Mr Roy told reporters: "Sebi has
not taken any action for the past
seven months. It has not refunded
any money to any of the investors,
neither have they started the
process of verifying the investors."
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