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What are the charges against Sahara India Real Estate?

Q: Sahara India Real Estate has been ordered to refund people's money. What are the charges against them? Are they fraud?

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1
Supreme Court has ordered Sahara India Real Estate and Sahara Housing Investment Corporation to pay nearly 15% interest to over 3 crore investors and has been given 3 weeks deadline for the same. Even Securities Appellate Tribunal ordered Sahara group to refund Rs 24,000 crore for violating real estate securities laws. It is a public issue as they hold shares from more than 50 people.
Manisha Soori


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