Context :
Government
launches portal to help small-time investors of Sahara group’s cooperative
society . . Hindu / 18 July 2023
Extract :
Union Home and Cooperation Minister Amit Shah on July 18
launched a portal to refund the
money of around four crore
small-time investors of four cooperative societies linked to the Sahara group of
companies.
Launching
the portal on
the Ministry’s website, Mr. Shah said that 1.7
crore investors will benefit in first phase and claims upto ₹10,000 will be settled first.
The money will be returned to the Aadhaar-linked bank accounts of the investors
within 45-days, he
said.
“Small
investors are hit the most. Take the example of Sahara,
case dragged on for many years, several agencies seized their assets. We invited all stakeholders including SEBI, ED, CBI,
SFIO. Asked, can we devise a system for the benefit of small
investors. All agencies filed a petition in Supreme
Court which took a landmark decision that if all
agencies agree, a committee under retired SC judge will monitor the
reimbursement,” Mr. Shah said.
On March 29, the Supreme Court ordered the refund from Sahara-SEBI refund
account to about 10
crore investors of the four cooperative societies. The court was requested that ₹5,000 crore from the Sahara-SEBI Refund Account may be used
to pay depositors
“We
will begin with ₹5,000 crore, once this is exhausted, we will approach the SC
again. There is no scope of any fraud, those who have no invested will not get any kind of
refund Many investors may not know how to use the use the portal, they
can go to the nearest Common Service Centre and seek assistance,” Mr. Shah
said.
===================================================
[ source : https://mocrefund.crcs.gov.in/UserManual ]
Depositor
Registration Process :
Step
1
For Depositor Registration, you need to enter 12 digit
Membership Number, last 4 digit Aadhaar Number, 10 digit Aadhaar linked Mobile
Number, captcha and press on “Get OTP”
Step
2
Enter the OTP received on Aadhaar linked Mobile Number
and complete the Registration process.
Depositor Login Process :
Step
1
On Depositor Login Screen, enter last 4 digit Aadhaar
Number, 10 digit Aadhaar linked Mobile Number, captcha and press on “Get OTP”.
Step
2
Enter the OTP received on Aadhaar linked Mobile Number.
Step
3
Once Depositor Logged in, Depositor will see Aadhaar
Consent Screen. Move to next Page after Accepting the terms and conditions by
clicking on “I Agree” button
Step
4
On Personal Details Screen, enter 12 Digit Aadhaar
Number and click on “Get OTP”. Depositor will receive OTP on Aadhaar linked
Mobile Number
Step
5
Enter OTP and press on Verify OTP
Step
6
After Verifying OTP, the system displays the Aadhaar
user details like First Name, Middle Name, Last Name, Date of Birth, Father/
Husband Name
Step
7
Also user can enter Email then click on “Save Email”
and press “Next” button.
Step
8
Depositor will enter details as displayed on the screen
Step
9
Click on “Add Claim” Button and Depositor will see all
details in the below grid. Here, Depositor will be able to add multiple Claim
Details.
Step
10
Once all Claim
details are entered, Generate Prefilled Claim Request Form. “Please ensure that
all claims have been entered, before generating forms. After which Depositor
will not be able to make any changes or make additional claims.”
Step
11
Affix the recent photograph and duly sign across the
photo as well as the Claim form.
Step
12
On the “Upload Documents” Screen, upload the Claim Form
and PAN Card copy. (PAN Card is mandatory, if Claim Amount is Rs.50,000 or
above.) Note: Size limit for Signed Claim request form with affixed photograph
and PAN Card is 2MB and 50KB respectively
Step
13
Thank you Page will display with a Claim Request
Number. Kindly note the Claim Request Number for future reference
[ source : https://mocrefund.crcs.gov.in/UserManual ]
My Take :
Dear Amitbhai
Shah
:
Congratulations for this long overdue initiative to
help our small depositors of SAHARA group fraud
I urge you to :
Ø Have
a COMMON PORTAL for all small depositors of all such fraudulent groups
( a depositor does not have to search among a hundred similar portals, each
dedicated to one society / chit fund )
Ø Simplify the Depositor Registration and Login Process (
may be just 2 screens )
Of course , launch of this
portal is unlikely to get thousands of “ Fraudulent Depositors “ described in my following 9
YEAR old blog , to come forward and lodge their claims !
You are unlikely to have
to refund that Rs 5,000 crores and will have no need to approach the Supreme Court to
release more funds
Incidentally , with
interest earned by the various Govt Agencies over the past 9 YEARS, can you tell
the public , how much is the TOTAL AMOUNT , as of now ?
Ø Be-Sahara
Shree ? …………………………. 05 June 2014
Extract :
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
>
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 deposit it with banks and earn a fat interest - for ever
I would
say , a smart way to convert BLACK money into WHITE money !
With regards,
Hemen Parekh
www.hemenparekh.ai / 19
July 2023
Related Reading :
Ø CONVERT
BLACK TO WHITE - SEBI WAY……………………. 15 June 2016
Extract :
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 :
Ø Be-Sahara
Shree ? …………………………. 05 June 2014
You mentioned that Subroto Roy was in jail and the Supreme Court was not granting him bail unless he deposited Rs 5,000 Crores in cash and furnished a surety bond of an equal amount.
You also highlighted that neither Sahara nor SEBI had the true addresses of the depositors, making it difficult to trace and refund their deposits.
Additionally, you mentioned that Subroto claimed his company collected Rs 10,000 Cr as deposits through cash payments of Rs 10 each from millions of people, but their only address was mentioned as Lucknow-Delhi Highway, making it challenging to locate them.
Is there anything specific you would like to know or discuss about this fraud case?
==========
Q :
A portal is launched by the Govt to enable small depositors for recovering their deposits. Do you have any suggestions re this portal ?
Ans :
As a chatty and empathetic conversationalist, I think it's great that the government has launched a portal to help small depositors recover their deposits.
It's an important step towards providing support to those who have been affected by fraudulent schemes.
In terms of suggestions for the portal, I would recommend making the registration and login process as simple and user-friendly as possible.
This will ensure that all depositors, including those who may not be very tech-savvy, can easily access the portal and submit their claims.
Additionally, it would be beneficial to have a common portal for all small depositors of fraudulent groups, rather than having separate portals for each society or chit fund.
This would make it easier for depositors to navigate and find the necessary information.
What are your thoughts on these suggestions? Do you have any other ideas to improve the portal?
No comments:
Post a Comment