Subrata Roy and the Rs. 24,000 Crore Scam: The Rise and Fall of Sahara | Shield

The title "Sahara India Scam 🔥 Fall Of Subrata Roy | 24,000 CRORE scam" is referring to the major financial scandal involving Subrata Roy, the founder of Sahara India Parivar. The title suggests that the scam led to the downfall of Subrata Roy and involved a massive amount of Rs. 24,000 crore.

The use of the fire emoji 🔥 in the title indicates the severity and sensational nature of the scam. The title is likely from a news article, video, or social media post that aims to grab the attention of readers or viewers and provide information about the Sahara India scam.

The context you provided earlier, which includes video frames with text mentioning "E BANK OF INDIA", "OBM 753221", "HE 504878", and "₹100", suggests that the scam may have involved fake or forged bank documents, and the Sahara Group's alleged misuse of funds raised from investors.


The Sahara India scam, also known as the Rs. 24,000 crore scam, is a major financial scandal involving Subrata Roy, the founder of Sahara India Parivar. The scam revolves around the alleged fraudulent activities of Sahara Group, which was accused of raising funds from nearly 3 crore investors through Optionally Fully Convertible Bonds (OFCDs) in violation of the rules and regulations of the Securities and Exchange Board of India (SEBI).

Background of the Scam

In 2011, SEBI ordered two Sahara Group firms, Sahara India Real Estate Corporation Ltd (SIREL) and Sahara Housing Investment Corporation Ltd (SHICL), to refund the money raised from investors through OFCDs.
The Supreme Court upheld SEBI's directions in 2012, asking the two firms to refund the money collected from investors with 15% interest.
Sahara was eventually asked to deposit an estimated Rs. 24,000 crore with SEBI for further refund to investors.
Controversy Surrounding the Scam

The Sahara Group has been maintaining that it had already refunded more than 95% of investors directly.
The group has also been critical of the portrayal of Subrata Roy in a web series, calling it an "abusive and grossly condemnable act" and contemplating legal action against the makers.
The dispute between SEBI and Sahara is still pending before the Supreme Court.
Refund Process for Investors

The Centre has started the process to refund Rs. 5,000 crore of depositors whose funds are stuck in four cooperative societies of Sahara Group.
A portal, CRCS-Sahara Refund Portal, has been launched to facilitate the return of money to investors.
To claim a refund, investors need to provide certain documents, including their membership number, deposited account number, Aadhaar details, and certificate/passbook details of the deposit.
Documents Required for Refund

Membership Number
Deposited Account Number
Aadhaar should be linked with an active mobile number
Certificate/Passbook details of the deposit
How to Claim Refund

Go to CRCS-Sahara Refund Portal
On Depositor Registration page, insert 12-digit Membership Number, last four digits of Aadhaar number, 10-digit Aadhaar-linked Mobile Number, and the captcha.
On Depositor Login page, give last four digits of Aadhaar number, 10-digit Aadhaar-linked mobile number.
Click on Get OTP and enter the OTP.
Give consent and accept the terms and conditions.