Government says Rs 370 crore released to Sahara cooperative societies' depositors through portal

The government released nearly Rs 370 crore to over 4.29 lakh depositors of Sahara Group through an online portal following a Supreme Court order. The CRCS-Sahara refund portal launched on July 18, 2023, allows legitimate depositors of four cooperative societies to claim refunds. Disbursement is monitored by Justice R Subhash Reddy, with a deadline extended to December 31, 2024. Sebi has realized Rs 15,775.50 crore from Sahara entities, reinvesting in nationalised banks.