Governement should intervene and make Sahara india pay matured money to the depositors.

Governement should intervene and make Sahara india pay matured money to the depositors.

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Vijay K started this petition to Sahara Credit Co-operative Society Limited

Sahara - SEBI case is going on from 9 years. During that case Sahara forced people to submit their sahara real estate bonds and gave them credit cooperative society bonds. As SEBI jurisdiction is only under sahara real estate bonds , Sahara informed SEBI that they made payments for all depositors. Now , people who received Sahara credit cooperative society bonds , even after their bonds  got matured in 2018 Sahara is delaying the payment.  Even after 3 years of maturity (i.e, in 2021 ) now sahara agents are forcing people to redeposit that amount(I don't have any evidence that agents are forcing people to handover the bonds for redeposit. Government should conduct survey whether people are willingly redepositing the money or they are being forced to redeposit ). This way poor depositors are caught in redeposit cycle. Now multi state credit cooperative society case is under investigation. Now sahara is taking those bonds and giving fresh new company bonds to people. During pandemic many people sold their properties for basic needs , while their life savings are in sahara. This sahara group is giving paper advertisements saying " payments delayed but not denied". If they delay the payments for 3 years and still no proper response. That's not easy for a common man to survive.

JUSTICE DELAYED IS JUSTICE DENIED. 

Please sign this petition and government should know how many people are waiting for their life savings  for last 3 years . 

 

Note : I have changed my name in this petition for my privacy and to avoid mental torture from sahara agents. I don't have any evidence regarding redeposit scam . Because sahara never communicates through mail or letters. It's just agents and branch managers visit our homes or calls us to explain about schemes. Depositor mistake is not reading the terms and conditions properly. But redepositing that matured money is not investor mistake, it's fear of losing money that making them to handover that old bond. 

If SEBI or government wants to know the truth about this scam , conduct a survey  about how many people got affecting by Sahara.if we can know the real numbers we will know the truth. 

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