Regulations
Supreme Court asks Sahara chief to deposit Rs300 crore
The Supreme Court on Wednesday asked Sahara chief Subrata Roy to deposit another Rs300 crore to continue to stay on parole.
 
The court rejected Roy's plea to be permitted to sell Sahara's property to raise money to return investors' deposits collected in 2008 and 2009 through OFCDs (Optionally Fully Convertible Debentures).
 
The bench, headed by Chief Justice T.S. Thakur, gave the Sahara chief time till September 15 to deposit the money, orally observing that failing this he will be back in Tihar Jail here.
 
The next date of hearing has been fixed for September 16.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

COMMENTS

din.neer

4 months ago

When Chandras, the owners of Unitech Ltd, will go behind bars, who failed to pay more than 500 croes of thousands of fixed depositors ?

Best & Worst Mutual Fund Schemes

The best# three and the worst three schemes over the past three years ranked by their...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
A 12-week Programme Involving the Police & Citizens
“Citizens have to play an important and active role to make sure you get the best from the government. This 12-week programme is the right step in bringing together the police force and the public. It will help citizens to understand their rights,” said Julio Ribeiro, former commissioner of police, Mumbai, and India’s first ‘super cop’. Mr Ribeiro launched the 12-week programme, “The Police & You” in Mumbai on Wednesday, 20th July, the first of which was attended by more than 150 people.
 
Moneylife Foundation with Police Reforms Watch & Commonwealth Human Rights Initiative, and with support from Saraswat Bank, has launched the 12-week programme that aims to spread knowledge about protecting yourself, your rights, the Indian Penal Code (IPC), cybercrime and economic offences.  
 
Mr Ribeiro said, “Today we can use RTI and other instruments to get justice. But, remember, you need to raise your voice whenever there is injustice. Some NGOs are doing good work in that area. In fact, I doubt if there would be justice without such NGOs.”
 
The event was held in the well-appointed auditorium of Saraswat Bank headquarters, Eknath Thakur Bhavan. Speaking on the occasion, Gautam Thakur, vice chairman of Saraswat Bank said, “I have a big soft corner for anyone in uniform, be it the police or the military. My father Eknath Thakur always used to say that India is the only country which does not respect bravery. During his lifetime, he made sure brave-hearts are honoured whenever possible. After the Mumbai terror attack, he met families of the martyrs; many kin of these martyrs are employed by Saraswat Bank. With these principles of my father, it was natural for me to offer help to Moneylife Foundation for this wonderful initiative to inform citizens about civil defence and police force.”
 
Introducing the concept behind the 12-week programme, Sucheta Dalal, founder trustee of Moneylife Foundation, said, “We hope this series will make citizens aware about their right and duties.” The inaugural session on “Role of Citizens Disaster Management Flood & Cyclone” was conducted by SB Bagat, DD Gharat and BS Pagdhare from the directorate of civil defence of Maharashtra government. Shivajirao B Bhagat, a gold medallist in disaster management training with 32 years of experience, conducted the session by providing background information about the role of civil defence in society and the various training programmes that the directorate conducts. 

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)