Sahara India is no stranger to controversies. The brand has been a key sponsor of the Indian cricket and hockey teams for years. It is a household corporate name across India, particularly in the smaller towns and cities. But, the promoters have very little reputation to uphold. The capital market regulator Securities and Exchange Board of India (SEBI) seized bank accounts and properties of two Sahara Group companies and its promoter Subrata Roy. These include various real estate special purpose vehicles (SPVs). Plus land development rights in Aamby Valley. The regulator has come down heavily on the group in an investor refund case of Rs 240 bn in convertible debentures floated by various group entities. The Sahara Group reiterated that it owed only Rs 51.2 bn to investors, a far cry from what it actually does. Banks holding accounts of the companies have now been told to move funds to a prescribed account opened to refund investors who had purchased the debentures. We ll, we sincerely hope these investors get their hard earned money back. We hope it doesn't become another Kingfisher Airlines saga.