Saturday, November 12, 2022

SFIO Report Summary November 11, 2022 | Heera Gold Victims Thank SFIO & Sarath Associates

 


HEARING SUMMARY: - SFIO said 400 crores worth claims registered. - SC asked Heera to deposit 400 crores. - Heera says we have surrendered properties. - SFIO said Income Tax authorities say properties are only worth 100 cr. - Heera said properties are worth more and we have buyer. - SC said bring forward your buyer. And again mentioned to SFIO that the depositing of Rs. 400 crore should be priority. SFIO AFFIDAVIT SUMMARY: TOTAL CLAIMS: Est. Total claims: 7106 - Rs. 378 crores Claims in order: 6178 - Rs. 343 crores Claims found deficient: 928 - Rs. 34 crores MAPPING Est. (CLAIMS IN ORDER): 6178 Fully Mapped: 5258 - Rs. 262 crores Partially Mapped: 302 - Rs. 35 crores Not Mapped: 130 - Rs. 6 crores Under Process: 488 - 39 crores WITHDRAWAL OF INVESTMENT: In 273 cases, claimants have found to have withdrawn their principal amount. Further verification is in progress. ASSISTANCE OF HEERA GROUP: Heera Group has been provided photostats of 7298 investors' claims. VALUATION OF PROPERTIES: - Income Tax evaluated the 71 properties (list forwarded by Heera Group) to be worth Rs. 110 crores. - SFIO sent email to Heera Group on September 2, 2022, asking for additional properties for evaluation - No reply from Heera Group. - SFIO sent a second email on September 12, 2022. - Heera Group replied on September 16, 2022, stating that the property evaluation is very low and that they have buyers who can buy the properties at proper price. COST OF CA (SARATH AND ASSOCIATES) STATE WISE COMMITTEE SFIO COMPLETED INVESTIGATION REPORT

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