Union Home and Cooperation Minister Amit Shah on July 18 launched a portal to refund the money of around four crore small-time investors of four cooperative societies linked to the Sahara group of companies.
Two Sahara Group entities are being investigated by several agencies including the Enforcement Directorate (ED) for alleged money laundering and foreign exchange rules violations.
Launching the portal on the Ministry’s website, Mr. Shah said that 1.7 crore investors will benefit in first phase and claims upto ₹10,000 will be settled first. The money will be returned to the Aadhaar-linked bank accounts of the investors within 45-days, he said.
