Mumbai: The police have begun a preliminary inquiry against the Sahara group on a complaint that the group was intimidating investors as it was facing a refund case involving Rs 24,000 crore payment to over three crore investors.
"We have initiated a preliminary inquiry following allegations that the investors are being intimidated by the Sahara group," said a senior official at Economic Offence Wing of the city police.
However, the officer refused to comment when asked if Securities and Exchange Board of India (SEBI) had made the complaint against Sahara group.
The officer also refused to comment if Sahara group's chief Subrata Roy's statement would also be recorded during the inquiry.
The Securities Appellate Tribunal (SAT) is scheduled to hear on April 13 the appeals filed by Subrata Roy and others against a previous SEBI order for attachment of their bank accounts, assets and investments.
Later this month, the Supreme Court would also hear a plea by SEBI seeking orders for Mr Roy's arrest and barring him from leaving the country.
On December 5, 2012, the Supreme Court gave additional time to Sahara and asked it to make an immediate payment of Rs 5,120 crore, followed by Rs 10,000 crore by the first week of January this year and the remainder by the first week of February.
"We have initiated a preliminary inquiry following allegations that the investors are being intimidated by the Sahara group," said a senior official at Economic Offence Wing of the city police.
However, the officer refused to comment when asked if Securities and Exchange Board of India (SEBI) had made the complaint against Sahara group.
The officer also refused to comment if Sahara group's chief Subrata Roy's statement would also be recorded during the inquiry.
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The Securities Appellate Tribunal (SAT) is scheduled to hear on April 13 the appeals filed by Subrata Roy and others against a previous SEBI order for attachment of their bank accounts, assets and investments.
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Later this month, the Supreme Court would also hear a plea by SEBI seeking orders for Mr Roy's arrest and barring him from leaving the country.
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On December 5, 2012, the Supreme Court gave additional time to Sahara and asked it to make an immediate payment of Rs 5,120 crore, followed by Rs 10,000 crore by the first week of January this year and the remainder by the first week of February.
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