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Supreme Court rejects Sahara's review plea

Source : REUTERS
Last Updated: Wed, Jan 09, 2013 14:00 hrs
Commuters walk past a billboard advertising the Sahara News Network, along a road in Noida on the outskirts of New Delhi

NEW DELHI (Reuters) - The Supreme Court of India has rejected an appeal by the Sahara conglomerate seeking a review of the court's order last year to repay billions of dollars it raised from small investors by selling outlawed bonds, according to an order posted on the court's website.

A spokesman for Sahara, one of India's biggest business groups and a household name through its sponsorship of the national cricket team, was not immediately available for a comment.

(Also read: Sahara - massive, splashy ... and mysterious, click http://in.reuters.com/article/idINDEE88S00O20120929)

(Reporting by Devidutta Tripathy; Editing by Mark Potter)




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