The news of Sahara Group chairman Subrata Roy’s death earlier this week has worried lakhs of small time investors — including a significant number in Madhya Pradesh, which went to the polls on Friday — who put their hard-earned money into the four cooperative societies run by the businessman.
A portal launched by the Union Minister of Cooperation Amit Shah in July to refund the money of investors — most of whom hail from rural and semi-urban areas across 26 States — has not been effective.
Several depositors whom The Hindu spoke to said that their claims were rejected citing deficiencies such as a mismatch in signature, and absence of data in the records of the parent company, among others.
