I-T conducts searches on Sahara premises

The Income­Tax Department on Saturday conducted searches at the Noida and Delhi premises of Sahara Group.

Sahara chief Subrata Roy and two directors have been languishing in Tihar Jail for the past few months on the orders of the Supreme Court issued to ensure compliance of the direction to repay Rs. 20,000 crores to the depositors.

Earlier this month, the Enforcement Directorate also registered a case under the Prevention of Money Laundering Act based on the Securities and Exchange Board of India (SEBI) findings against Saraha and initiated investigations into allegations of money laundering.