Around 5 lakh people, who invested in four cooperatives run by the Sahara Group, are expected to converge in Delhi in December to protest the government’s failure to refund their deposits.
A portal launched in July by the Union Minister of Cooperation Amit Shah to refund the money of the investors, most of whom are from rural and semi-urban areas across 26 States, has failed to take off, with multiple complaints of rejection.
Abhay Dev Shukla, president of a registered body representing the Sahara investors, said on November 22 that after the death of Sahara Group founder Subrata Roy, there was fear among the people that the unclaimed funds would be returned to the Consolidated Fund of India.
