Archive · 16 Sep 2025
ED Alleges Sahara Misused Funds Through Ponzi Scheme
The Enforcement Directorate (ED) believes Sahara misused money from many investors.
Sahara is accused of running a Ponzi-like scheme where investors were forced to reinvest rather than receive payouts.
They also allegedly hid defaults and used investor money for other purposes.
The ED filed a chargesheet in court.
The Supreme Court has allowed the release of some funds to help investors, and extended the refund deadline.
ED alleges Sahara misused investor funds via a Ponzi-like scheme.
Sahara is accused of secretly selling properties through cash transactions.
The ED filed a chargesheet in a Kolkata PMLA court.
Anil V Abraham and Jitendra Prasad Verma are named in the chargesheet.
The Supreme Court allowed release of funds to investors and extended the refund deadline.
- Who
- The Enforcement Directorate (ED) and the Sahara Group
- What
- ED alleges Sahara misused investor funds via a Ponzi-like scheme and secret cash deals.
- When
- Investigation ongoing; chargesheet filed September 6.
- Where
- Kolkata and related locations.
- Why
- To investigate alleged financial misconduct and protect investor interests.
- Involved Parties
- Sahara Group, Anil V Abraham, Jitendra Prasad Verma
- Charges
- Misuse of investor funds, Ponzi-like schemes, secret cash deals
- Legal Action
- ED filed chargesheet in Kolkata PMLA court
- Key Individuals
- Anil V Abraham, Jitendra Prasad Verma
- Supreme Court Ruling
- Allowed release of Rs 5,000 crore for investor refunds; extended deadline to December 31, 2026
