Proceedings against Sahara Group will continue even after Subrata's demise: Sebi Chairperson
The case is against the group or entities and not against one individual. Passing of one person doesn’t change anything. Must read further on Dynamite News:
Mumbai: Sebi Chairperson Madhabi Puri Buch on Thursday said the Sahara matter will continue for the capital markets regulator even after the death of the group's founder Subrata Roy.
Speaking to reporters on the sidelines of a Ficci event, Buch said for Sebi, the matter was about an entity's conduct and it will continue regardless of whether an individual is alive or not.
“The case is against the group or entities and not against one individual. Passing of one person doesn’t change anything. The investor refund process will continue,” said the Sebi Chief.
Roy, the founder of the Sahara Group, died on Tuesday after a prolonged illness. (with Agency inputs)