Sebi chairperson Madhabi Puri Buch on Thursday, November 16, 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.
Roy, the controversial founder of the group, died on Tuesday, Nov 14, after a prolonged illness. It has been reported that refunds of only Rs 138 crore have been made to investors even though Sahara group was asked to deposit over Rs 24,000 crore with Sebi for further refund to investors.