Modi government really wants to repay Sahara investors dues


The Honourable Supreme Court has directed that the process should be completed within 9 months from the date of issue of their order.
CRCS told Rs.263.63 Crore has been repaid to 2,83,863 depositors of Sahara Group of Cooperative Societies out of Rs.5000 crore

Grievance Status for registration number : MOCOP/E/2024/0000451

Grievance Concerns To

Name Of Complainant

Yogi M. P. Singh

Date of Receipt


Received By Ministry/Department


Grievance Description

Cooperation >> Central Registrar and Cooperative Society >> Multi State Cooperative Society related matters >> Other Multi State Cooperative Society related issues

Society Name : Saharayn Universal Multipurpose Society Ltd. Bhopal

Reference number from MSCS Act : MSCS and Banks registered under MSCS Act 2002

CRCS said Rs.263.63 Crore has been repaid to 2,83,863 depositors of Sahara Group of Cooperative Societies out of Rs.5000 crore.

You had to disperse the released fund 5000 crore within 9 months according to the order of the apex court and now one year has passed. Please provide the current status under article 51 A of the Constitution of India. Right to reason is an indispensable part of a sound administrative system so provide the reason for non compliance so that concerned court may be properly informed.

1-Please provide the amount spent by the central registrar out of the total amount Rs.5000 crore in the name of developing the transparent mechanism.

Reply of PIO- Total expenditure incurred for development and operation of CRCS-Sahara Refund Portal up to January 2024 is About Rs.19.90 Crore.

2-. The disbursement shall be supervised and monitored by Justice R. Subhash Reddy, Former Judge of this Court with the able assistance of Shri Gaurav Agarwal, learned Advocate, who is appointed as Amicus Curiae to assist Justice. R. Subhash Reddy as well as the Central Registrar of Cooperative Societies in disbursing the amount to the genuine depositors of the Sahara Group of Cooperative Societies. The manner and modalities for making the payment.

Please provide the wages paid to Shri Gaurav Agarwal and Justice. R. Subhash Reddy till the date you provide information to the information seeker.

Reply of PIO- Total payment made to Hon'ble Justice Retd R. Subhash Reddy as honorarium as per Hon'ble Supreme Court directions on 29th March 2023 is Rs.1.50 Crore up to January 2024. Gaurav Agrawal as he has respectfully declined to accept the honorarium.

3-Please provide the number of depositors whose repayment has been made till the date of providing information to the information seeker.

Reply of PIO- Till January 2024, an amount of Rs.263.63 Crore has been released to 2,83,863 depositors of Sahara Group of Cooperative Societies through CRCS-Sahara Refund Portal.

Grievance Document

Current Status

Grievance received   

Date of Action


Officer Concerns To

Forwarded to


Officer Name

Shri Shekhar Bose (Under Secretary)

Organisation name


Contact Address

Delhi Delhi Delhi

Email Address

Contact Number


To see the attached document to the grievance, please click on the link


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Your view points inspire us

  1. Does Modi government really want to repay Sahara investors dues as it repaid only Rs.263.63 crore in 9 months not Rs.5000 crore? According to the order of the apex court they had to pay entire 5000 crore rupees to the investors and amount paid by them is only less than six percent. Is Modi government misleading the investors?

  2. Undoubtedly it represents the cryptic dealings of the Modi government which is not paying the deposits of the investors because of corruption and not providing justice to the investors who invested hard earned money to the fraud company Saharayn multipurpose society Bhopal. Despite the order of the apex court government is not paying depositors money.

  3. Think about the gravity of situation Modi government looted the common citizens through the cheaters like Saharayn multipurpose society and others and still it is expected common people will cast their votes in favour of Modi government. Only electronic voting machines can be instrumental for Modi to win the election.

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