NEW DELHI: Sahara India has strongly refuted made by the Serious Frauds Investigation Office (SFIO) that it had siphoned off Rs 50,000 crore and did not pay back investors from whom the funds were raised.
The SFIO on Friday requested the SC for an urgent hearing on its appeal against a Delhi HC order stalling probe into the alleged collection of Rs 50,000 crore from investors by three Sahara Group companies and the alleged involvement of six other group entities in round-tripping and siphoning-off public money.
“The siphoning of Rs 50,000 crore are incorrect and contrary to evidence available on record. When we have repaid the entire amount (liability) then where is the question of round tripping and siphoning off public money?”Sahara India said in a statement.
The SFIO on Friday requested the SC for an urgent hearing on its appeal against a Delhi HC order stalling probe into the alleged collection of Rs 50,000 crore from investors by three Sahara Group companies and the alleged involvement of six other group entities in round-tripping and siphoning-off public money.
“The siphoning of Rs 50,000 crore are incorrect and contrary to evidence available on record. When we have repaid the entire amount (liability) then where is the question of round tripping and siphoning off public money?”Sahara India said in a statement.
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