Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do.

There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Wednesday, 15 June 2016

CONVERT BLACK TO WHITE - SEBI WAY



Two days back , newspapers reported that ,

*  By selling off the properties of Subroto Roy ( Sahara ), SEBI has managed to recover some Rs 11727 Crores

*  But it could find only a FEW claimants and could refund only Rs 55 crore so far !


Altogether , SEBI is claiming some Rs 37,000 crore from Subroto ( considering interest on those Rs 24,000 cr due to SEBI , 2 years back !

To know how SEBI will succeed in converting this BLACK MONEY into WHITE MONEY , read my following blog :

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Thursday, 5 June 2014


Be-Sahara Shree ?



These days , Sahara-Shree Subroto Roy seems to be , Be-Sahara Shree  !


He is in jail for past 3 months or so


And Supreme Court won't let him out on bail , unless he deposits Rs 5,000 Crores in cash and furnish a surety bond of an equal amount


Then within a few weeks , Supreme Court wants him to hand over to SEBI , Rs 24,000 Crores that SEBI claims he raised illegally from " Public "


But Subroto says ,



" What public  ?


  I am ready to pay-off all of my depositors , if only , they would come forward to claim their deposits


I have raised , a few rupees each ( Rs 5 - Rs 10 ), from millions of small depositors , all of whom , gave their postal address as , " Delhi-Agra Road ", or  " Kanpur - Lucknow Road "


I just can't find them  "



Now , all of us ( Supreme Court and SEBI included ) , know that ,


>  Those Rs 24,000 Crores belong to politicians ( - most who got defeated in
     recent Lok Sabha elections ) , businessmen / bureaucrats / film stars etc


>  Each of them have given this in CASH to Sahara-Shree ( Range : Rs 10 -
    100 crores )


>   Sahara-Shree knows that they don't dare to publicly ask him to return
     their deposits . He managed to render them be-sahara  !


>   Neither Sahara , nor SEBI have true addresses of those fake depositors



So , what happens now  ?


>   Subroto will be forced to sell most of his properties to raise money


>   To ensure that there is no hanky-panky in sale of these properties ,
      Supreme Court may appoint some world-famous Real Estate
      Consultants to conduct e-Auctions for each of these assets


>    SEBI will have a windfall of Rs 24,000 Crores that no one wants  !


>    SEBI will deposit it with banks and earn a fat interest - for ever



I would say , a smart way to convert BLACK money into WHITE money  !



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16  June  2016

www.hemenparekh.in / blogs




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