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Sahara to refund Rs 24,000 cr to investors

http://l1.yimg.com/bt/api/res/1.2/afoEa4dzEQfuNDNodXu5CQ--/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD00MjY7cT04NTt3PTYzMA--/http://l.yimg.com/os/624/2012/09/26/2012-09-26T053019Z-1-CBRE88P0FAM00-RTROPTP-3-INDIA-SAHARA-JPG_074613.jpgThe Sahara Group on Friday assured the Supreme Court that its two companies which had raised Rs 24,000 crore through Optionally Fully Convertible Debentures (OFCDs) from their investors will refund the amount within three months, according to a PTI report. Like millions of Indians, Jag Ram Chaudhary invested with the Sahara conglomerate - 1,300 rupees a month in his case - to put away money for a rainy day. "My wife had an accident some years back. I don't have much savings, so I thought I'll be able to save some money by putting in a small amount every month," said Chaudhary, an office helper at a construction company in Uttar Pradesh. On August 31, the Supreme Court ruled that finance schemes run

Read More : http://in.finance.yahoo.com/photos/sahara-massive-splashy-and-mysterious-1348645701-slideshow/

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