Sahara Q Shop- fearing for innocent investors
I and wife Nutan presented a complaint against Sahara Q Shop to many authorities including the Ministry of Consumer Affairs, Government of India.
We had said that complaints were coming about Sahara India collecting money through the so-called Consumer products network, called the Sahara Q Shop so as to keep it away from the regulatory framework of SEBI, hence suitable action under the provisions of law be initiated in the matter to save the innocent investors.
The Ministry of Consumer Affairs sent our complaint dated 06 November 2012 to the Chief Secretary of Uttar Pradesh on 30 November asking him to investigate the matter and take appropriate action. It also asked the State Government to send to an action taken report in the matter.
We eagerly wait for further action in this matter from all suitable authorities, because from whatever reports coming to us, we fear history repeating in Sahara Q shop matter as in Saradha case (WB) and two Sahara cases presently pending in Hon'ble Supreme Court.
These example show that a lot needs to be done in India to protect common investors interests.
I and wife Nutan presented a complaint against Sahara Q Shop to many authorities including the Ministry of Consumer Affairs, Government of India.
We had said that complaints were coming about Sahara India collecting money through the so-called Consumer products network, called the Sahara Q Shop so as to keep it away from the regulatory framework of SEBI, hence suitable action under the provisions of law be initiated in the matter to save the innocent investors.
The Ministry of Consumer Affairs sent our complaint dated 06 November 2012 to the Chief Secretary of Uttar Pradesh on 30 November asking him to investigate the matter and take appropriate action. It also asked the State Government to send to an action taken report in the matter.
We eagerly wait for further action in this matter from all suitable authorities, because from whatever reports coming to us, we fear history repeating in Sahara Q shop matter as in Saradha case (WB) and two Sahara cases presently pending in Hon'ble Supreme Court.
These example show that a lot needs to be done in India to protect common investors interests.
Amitabh Thakur
Lucknow
# 094155-34526
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