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Not even offered a cup of tea by SEBI: Subrata Roy

Apr 10, 2013 07:46 PM IST Business Business
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Mumbai: Sahara group chief Subrata Roy, who appeared before a SEBI panel on Wednesday complained with a smile that he was not offered a cup of tea at the hour-long meeting. Roy who was summoned said that his company paid Rs 5,120 crore to SEBI and all the expenses are on Sahara's account, so it was unfortunate that during the meeting, they weren't even offered a cup of tea by the SEBI officials.

The summons for personal appearance of Roy and three other directors of two Sahara firms were issued by SEBI to examine them for ascertaining details of their personal assets, as also the investments and assets of the companies, to move ahead with sale of immovable assets for realisation of money to be refunded to the investors.

Meanwhile, the Mumbai Police's Economic Offences Wing (EOW) has launched a probe against the Sahara group to find out if the company has been intimidating investors. Thee EOW chief said that the they had been asked by the government of India to probe Sahara.