The Enforcement Directorate (ED) has attached 707 acres of land worth Rs 1,460 crore linked to Sahara group entities under the PMLA in a major crackdown.
The group is accused of running a large Ponzi scheme through its cooperative societies, including SCCSL, HICCSL, SUMCS, and SMCSL, collecting deposits with false promises and failing to repay investors.
Over 500 FIRs have been filed nationwide. Following a Supreme Court order, the government has disbursed Rs 2,025.75 crore to 1.16 million Sahara cooperative depositors.
The refund process, supervised by Justice R Subhash Reddy, continues as efforts intensify to recover and return investor funds.
