Subrata Roy death: Govt seeks to transfer unclaimed funds to Consolidated Fund of India, says report

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The government is reportedly considering looking into the legality of transferring the unclaimed funds of the Sahara-Sebi Refund Account to the Consolidated Fund of India. It is expected to include a provision for investors who later make their claims, according to a report by The Economic Times. The decision of the government comes after Sahara Group founder Subrata Roy passed away last week. According to the report, there have been very few claimants in nearly a decade since the establishment of the refund account.

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