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Old 25-12-12   #1
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Is Sachin Tendulkar Leading People into a Ponzi (Fraudulent) Scheme?




Who will give Sahara to Sahara India's Customers?

I've always wondered what Subrata Roy's Sahara group of companies do. Something about the companies always struck me as very odd. They were raising huge amounts of money but no one is quite sure how they use it and how they earn money to bay back investors. However I never paid too much attention to the company till the SC Judgement this August asking Sahara to repay Rs 20000 Crores to investors. However the company appears to be cocking a snook at the regulators instead of adhering to it in spirit.

I see some red flags here and I sense possibility of a Ponzi scheme here. If Sahara is indeed running a big ponzi scheme then it will surely be the biggest of all making speakasia and stockguru appear like childs play. What do you guys think? Please let us know of your thoughts and any other info.

Some interesting articles I came across.
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Old 25-12-12   #2
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Re: Is Sachin Tendulkar Leading People into a Ponzi (Fraudulent) Scheme?

Where is Sachin in all of this ?
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Old 25-12-12   #3
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Re: Is Sachin Tendulkar Leading People into a Ponzi (Fraudulent) Scheme?

was wondering the same.
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Old 25-12-12   #4
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Re: Is Sachin Tendulkar Leading People into a Ponzi (Fraudulent) Scheme?

This is a true story of fraud by Sahara and its counters which took 1000's of crores from simple but greedy investors, this has happened earlier too but the BCCI is the main culprit in this, and not Sachin..
and if Sachin is also responsible then so are the cricket team and that too all of them !! they even attended the functions of the fraud company which is not even following Supreme courts orders !!
now they have to pay in 3 installments and theamount is 24000 Crores ! which I don't think they can manage that is why they are purchasing real estate in foreign countries !! very soon they will vanish from India !
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Old 25-12-12   #5
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Re: Is Sachin Tendulkar Leading People into a Ponzi (Fraudulent) Scheme?

Originally Posted by ManISinJpr ♦ View Post
but the BCCI is the main culprit in this, and not Sachin..
I agree, its the BCCI and not Sachin in particular. (but the BCCI wouldnt have made the thread title interesting) Besides the Indian cricket team they also have the Pune Warriors in the IPL. The IPL seems to be sponsored by all shady companies like DLF, Deccan Chronicle, Sahara etc.

Also Manish did you see the full page Ad by Sahara saying that they have to just give 2620 Crores?

Almost on cue, on 10th December, Sahara issued another advertisement that proclaimed “Sahara’s repayment liability was Rs2,620 crores only.” Notice that the liability is specific to two companies—Sahara India Real Estate Corporation and Sahara Housing Investment Corporation (jointly referred to as Saharas by the 31st August Supreme Court order). But the advertisement was from the grand Sahara India Pariwar. There was no logo or authorised signatory. Sahara refers to the two companies asked to repay a massive Rs25,000 crore by the Supreme Court as just ‘OFCD companies’
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Old 25-12-12   #6
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Re: Is Sachin Tendulkar Leading People into a Ponzi (Fraudulent) Scheme?

^^ Yes tehy are pisleading people all over the country !
that is a shame, despite the court telling them to repay tehy are getting ads printed which are giving wrong and lies to the people !!
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Old 25-12-12   #7
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Re: Is Sachin Tendulkar Leading People into a Ponzi (Fraudulent) Scheme?

Does anyone here think that the Employees' Provident Fund Organisation, India, could also be running a Ponzi scheme? Even they pay off the older investors from money brought in by newer investors.

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Old 25-12-12   #8
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Re: Is Sachin Tendulkar Leading People into a Ponzi (Fraudulent) Scheme?

Originally Posted by TNT View Post
Does anyone here think that the Employees' Provident Fund Organisation, India, could also be running a Ponzi scheme? Even they pay off the older investors from money brought in by newer investors.

Is that so? I havent seen their accounts but its quite possible. Can you share more info on this ?
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Old 25-12-12   #9
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Re: Is Sachin Tendulkar Leading People into a Ponzi (Fraudulent) Scheme?

Very good excerpts from the Supreme courts judgement in this article The Hindu : Business / Companies : Were you running a kindergarten, Supreme Court asks Saharas

Some developments http://www.moneylife.in/article/saha...ist/30128.html
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Old 28-12-12   #10
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Re: Is Sachin Tendulkar Leading People into a Ponzi (Fraudulent) Scheme?

They are bunch of cheaters,in my area sahara agents are converting the money of investers into Q-Shop forcefully and in some cases without their concent .
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Old 28-12-12   #11
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Re: Is Sachin Tendulkar Leading People into a Ponzi (Fraudulent) Scheme?

Sahara has always been known as a fraud company by the Old and Smart investors. They have defrauded in the 80s too when they claimed to be investing money in trees, .
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Old 28-12-12   #12
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Re: Is Sachin Tendulkar Leading People into a Ponzi (Fraudulent) Scheme?

these days film stars and cricket stars r running behind the money only .remember speak -asia promotional functions which was attended by many movie stars and "home-trade" commercial endorsed by sachin and shahrukh . amitabh bacchan is endorsing some "china" mobile.
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Old 29-12-12   #13
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Re: Is Sachin Tendulkar Leading People into a Ponzi (Fraudulent) Scheme?

Originally Posted by abhinavmail1 View Post
these days film stars and cricket stars r running behind the money only .remember speak -asia promotional functions which was attended by many movie stars and "home-trade" commercial endorsed by sachin and shahrukh . amitabh bacchan is endorsing some "china" mobile.
What is wrong in that?
As celebrity they have a price, even if you can match it, they will endorse you. Nothing morally wrong in it.
Morality and money making do not go hand in hand.
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Old 29-12-12   #14
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Re: Is Sachin Tendulkar Leading People into a Ponzi (Fraudulent) Scheme?

So u think that endorsment of home-trade a fraud company by sachin, shahrukh and hritik is morally good thing?
Originally Posted by blufox View Post
What is wrong in that?
As celebrity they have a price, even if you can match it, they will endorse you. Nothing morally wrong in it.
Morality and money making do not go hand in hand.
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Old 29-12-12   #15
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Re: Is Sachin Tendulkar Leading People into a Ponzi (Fraudulent) Scheme?

It is not a point of it being good or bad, these things are just what they are.
look at them advertising for anything and you will realize that they don't use the products that they do.
Originally Posted by abhinavmail1 View Post
So u think that endorsment of home-trade a fraud company by sachin, shahrukh and hritik is morally good thing?
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