Advance Infrastructures Private Limited CEO Mr.Surender Kumar Sharma has been terminated

Surender Kumar Sharma - CEO of Advance Infrastructures Private Limited who was initially working with Punj Lloyd Limited has been terminated from Punj Lloyd. Below are the details:

Punj Lloyd limited ("PLL" or "the Company"), a company registered under the Companies Act, 1956 having its registered office at Punj Lloyd House, 17-18, Nehru place, New Delhi - 110019 would like to inform the general public that services of Surender Kumar Sharma, erstwhile Senior General Manager - Pipelines has been terminated with effect from 20 June 2013.

The general public is hereby intimated and put to notice that Surender Kumar Sharma is no longer associated with PLL and/or its subsidiaries and associate companies as a representative/ agent or in any other capacity whatsoever and any person dealing with Surender Kumar Sharma and/or any other individual acting with him/under him, shall do so at his/her sole risk.

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See No Evil, Speak No Evil

Parody video on Sheikh Hasina and her constant denial of the on-the-ground realities in Bangladesh, featuring clips from her infamous interview with CNN’s Christiane Amanpour.

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Ram Leela Blueray DvdRip Download - Move over Raj-Simran

Remember when Nisha (Madhuri Dixit) impishly asked Prem (Salman Khan) "Hum aapke hain kaun?" He stumbles for words, does a few push ups, looks around to confirm "koi dekh toh nahin raha.."

Finally when he musters the courage to confess, Nisha pushes him in the swimming pool, laughs at him and leaves. The hero did confess, but not to the girl's face.

He did so in the swimming pool where he declares, "Shit! I love her." In 1994 the most empowering thing about this romantic sequence was the fact that a leading man had said "Shit" on screen.

Now meet Ram and Leela. He espies her in a Holi melee; she too is magnetically drawn to him. Theirs is an all guns blazing attraction. In a wordless yet fully loaded exchange, he points a water gun at her but she has the real deal. It's love and lust at first sight. How do they confess? Well, they kiss. Like lovers. And the song goes 'Lahu muh lag gaya.'

Sanjay Leela Bhansali's Ram-Leela take over the naughty and virginal territory of Prem-Nisha and Dilwale Dulhaniya Le Jaayenge's Raj-Simran. The change was in the air. Ishaqzaade's Zoya-Parma and Raghu-Gayatri of Shuddh Desi Romance also walked the same line of love n' lust but Bhansali's Ram-Leela emerge as the poster couple of The New Age Raunchy Lovers in Bollywood.

'Goliyon Ki Raasleela: Ram-Leela' marks a distinctive paradigm shift in how lovers in our love stories talk and behave.

This is Bhansali's most physical film till date. No towels are dropped, no 'diyas' are forever lit to signify burning desire. In his latest film, Bhansali goes all out to raunchy-fy Hindi film's lovers.

The hero is superbly objectified in 'Tattad tattad', the girl unabashedly talks of doing it "first time" with her lover. In an impactful sequence after the star crossed lovers elope, he is fretting that the bed might be too hard for her, she says, "Bistar chubhega toh tere upar so loongi." It's carnal, raw, pulsating. No apologies.

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Bullet Raja Blueray DVDRIP Free Download - "He is a little 'besharam'," Tigmanshu Dhulia on why he cast Saif in 'Bullett Raja'

As he gears for the release of 'Bullett Raja', Tigmanshu Dhulia talks about working with stars, and how his cinema is a blend of realism and entertainment.

Ques: You are working with a big star for the first time with Bullett Raja. Why have you picked Saif Ali Khan and how did you negotiate his image?

Tigmanshu: While writing the script, I could gauge the scale of the film and I knew it's not going to happen within Rs 8 crore because of the action and location. 'Bullett Raja's character needed a star who could pull in the crowd. I've always thought ki Saif bahut khula hua actor hai. An actor has to be a little 'besharam', somebody who is ready to lose inhibitions, and not be conditioned to do the right thing. That's why a little child or an old man is always watchable. Saif has proven himself on that front several times. He is also a good draw at the box office, so he's a good mix of both qualities. And you have to exploit a star's image to your advantage. I used to perceive Saif as this urban, naughty and charming man. He is not fully innocent, you know 'thoda haraami lagta hai.' I have tried to retain that here.

Ques: Was it tough to get Saif Ali Khan to deliver a rustic accent?

Tigmanshu: He has said his dialogues very well. I didn't have to break my head over it as I thought I would. Only the body language sometimes became a problem. The way he would put his hands in his pocket or hold a cigarette — I had to make sure 'woh western pana nahi hona chahiye'. But it's always interesting to make an actor do new things. Had I worked with an actor who has a vernacular image, it wouldn't be as exciting.

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Krrish 3 Blue Ray DVD RIP Free Download - 'Krrish 3' film review: Hrithik Roshan perfect choice to do this role

Cast: Hrithik Roshan, Priyanka Chopra, Vivek Oberoi, Kangana Ranaut

Director: Rakesh Roshan

The Indian Express Rating: **

'Krrish 3' is a superhero film. It is also a throwback to the creaky family entertainers Bollywood used to make. The hero has special powers, sure, but also a loving daddy, a lovely wifey, an attractive moll and a villain with severe daddy issues. Only a pet poodle or parrot is missing.

Superheroes have been around in Hindi cinema for decades, but huge technology jumps have made 'Krrish 3' the slickest of them all, special effects-wise. The rest of it is marred by tackiness. When Krrish is doing his derring-do stunts, we watch, even if we've seen Superman do this 30 years ago. But when he delivers maudlin dialogue about fathers and mothers and bravery, we are pulled back to the ground with a thud, with the superhero the Roshans made.

Hrithik is the perfect choice amongst the Bollywood superstar lot to do this role. With his superbly articulated chest, each muscle moving and shiny and oiled, Krrish doesn't even need a mask and a cape. But the ensemble is eye-catching, and we ignore his immaculately-styled long hair, flying in the wind, when he is whizzing about rescuing little boys. Roshan Jr is as likeable and earnest as he usually is, but can't rise above the mothballed treatment. Roshan Sr, who has written and directed, should have given the superhero more to do.

But he gets stuck in bringing the backstory forward. The soppy but sweet `Koi Mil Gaya's ( 2003) socially challenged but brilliant Rohit begets Krishna, who finds his super-powers in 'Krrish' ( 2006). Both the ageing Rohit and Krishna star in `'Krrish 3', and both roles are played by Hrithik. Priyanka, playing Krishna's TV reporter wife, has to look on admiringly as Hrithik does his standard dance number. He is still as dextrous, but the dancing has no zing, and the songs are terrible.

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Preserving Democracy

On the need to preserve democracy in Bangladesh and call for a neutral, non-party polls-time government under which the next elections can be held. If elections are not held under a neutral, non-party polls-time government, Bangladeshi citizens will not be able to excersize their democratic rights, such as the right to vote in free and fair elections, the right to freedom of expression and the right to freedom of assembly.

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Somthing kinda 00 by Ben Fogle & Nigella Lawson.... Typh00

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Something kinda 00 by Ben Fogle & Nigella Lawson.... Typh00

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Nigella Lucy Lawson tweets “Vital unpacking in LA(though my Maldon salt) for the moment eludes me”

At Typhoo we are passionate about one of the world's favourite drinks - tea. From picking the leaves from the best tea bushes and blending those leaves to create the perfect taste, to vacuum packing the tea and locking in the freshness. Every part in the Typhoo process is dedicated to making sure you experience a perfect tea-drinking moment in every cup

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The Honourable Asot Michael speaks at the funeral of The Late CORTRIGHT “Carty” MASON

Tuesday, October 29 2013

Holy Family Cathedral

Michael’s Mount, Antigua

A TRIBUTE

Good afternoon, Church.

No more that burly gait

No more that joyous face

No more that radiant smile

No more that resonant voice

No more on this earth, my brother,

Cortright Mason

Yet, in my heart, he is here.

In my bones and in my marrow,

Carty lives on.

In my memory,

In my every conscious moment, he

stands beside me as he always did.

My brother, and my friend;

my true friend!

The chain of love he forged

Has not been broken by his

untimely death.

Nor has it been in the least bit weakened.

If anything, the chain has grown stronger.

Reaching beyond this mortal life

To that better place where

Carty must be

Laughing and happy in the company of the Almighty.

I do not pretend that I do not feel anger at his loss.

I do not pretend that my heart is not

bursting with the grief of his passing.

I do not pretend that I do not question why.

I do all these things

And, I cry inside, as I weep outside.

For Carty did not deserve to die so young and so sudden.

So, we come today to mourn the passing and celebrate the life of Cortright Mason, my friend, my brother, my comrade.  We all feel the deep sense of loss for a loved one who is cut down in his prime enjoying the fullness of life still filled with so much hope, so much dreams, so much love, and so much more to give; so much more to share. 

For Cortright Mason, was still a man in his prime with today’s health care fifty (50) years is still a young age, and none of us expected him to be cut down so suddenly without warning, without him knowing that he had any major health issues, without any time to say a proper goodbye.

But we have lived long enough to know that life is not fair, and none of us are guaranteed this precious gift of life.

We live every day by the mercy of God, and to him we must give constant and incessant praise accepting his mercies and using every day to do good, to be kind, to love, to share, to live. 

In a hymn written more than 150 years ago and known by most of us across Antigua, the inspired songwriter addressed two desires for which all humans yearn—love and joy:

      

There are depths of love that I cannot know till I cross the narrow sea,

There are heights of joy that I may not reach       till I rest in peace with thee.

My friend, Cortright Mason, was deeply loved by his family and friends, before he crossed that narrow sea. We all experience the heights of joy which comes from knowing love, as it flows between and within family. Love erases barriers erected from fear.

Cortright Mason was born in Antigua 50 years ago, on February 4^th 1963.

This island was then an extremely poor colony with a future waiting to be shaped by our greatest National Hero. Carty’s beginnings were humble, much the same as his parents’: Gwendolyn James of Pares Village; and Hamil Mason of Willikies Village. He was born when sugarcane and cotton dominated the landscape.

My friend was nevertheless steeped in the culture of his island-country and village. He attended Pares Secondary School and was an ardent and dedicated cricketer from childhood.

Carty was likely emulating his athletic father—Hamil Mason— who was among the best all-rounder in Parish League Cricket. Carty owned as much cricket gear as any professional cricketer. He loved a cricket match even more than he loved a music concert, and spent his scarce resources on mastering his favourite past-time.

Most of his friends knew him as “Fungi” or “Golden Eye”; and many friends will remember Carty as the very first engineer for the Burning Flames. He was a graduate of the Institute of Audio Research, in New York, specializing in Audio Engineering.

Carty learned to perfect many of his engineering skills at ABS, his first employer. Carty ensured that everything was just right whenever and wherever the Burning Flames played. He was meticulous and highly rated.

Carty provided his engineering skills to 90% of all bands in Antigua, more often out of love for his work than for any material reward. He was not an acquisitive man. He wanted to be the best sound and technical engineer in Antigua, displaying his skills at every venue where bands played.

Carty’s last big event was the Wadadli Beer Calypso Monarch Competition at Carnival City, this past August.

That was before he knew that he was deathly ill.

I became a very close friend of Carty through Annette Aflak, my cousin and Carty’s love. When Annette became pregnant with Antoinette, I would place my ear on her growing bulge so that the baby’s heartbeat could become audible to me. Procreation is a miracle.

Although Annette has two brothers, Allan and Paul, I always felt that her parents received the greatest joy from their only daughter and therefore loved her the most.

There are heights of joy that one may not reach, till one rests peacefully with the inner self.

Yet, all sons know only too well that many fathers are capable of withdrawing love temporarily, while mothers love their children continuously and forever. My Uncle Aflak is a man; he is a father, a great father!

The racial divide which Annette and Carty crossed was cause for friction, at first. Yet, no-one in my family loved and cared for Carty after Antoinette was born, like Annette’s Daddy, my Uncle Aflak.

There are depths of love that one cannot know, till one crosses certain narrow seas.

Christ, the son of God, came to earth to share this message with all of God’s children. God is love! Love one another like God loves you.

It is surely the case that Carty was very much loved, and that he showed love in abundance over his 50 years of living. He was the father of Cochien (Cochen), Anesha, Shazierre, Darrien, Nicole, Laurel-Ann, Courtney, Teandra, Zenicia, Tehrique and DeAundre, and Antoinette.

But, although he loved all his children, Antoinette was his pride and joy, making him proud when she graduated from Devry University in February, 2012.  Up until he was on his sick bed he insisted that she return to University to complete her Bachelors Degree at Richmond University in London.

Within the final weeks of his life, Carty turned his life over to God. While in the Baptist Hospital in Florida, he told my sister Teresa-Anne that Annette was the best angel sent by God to rescue him in eternity. He told Teresa-Anne how much he loved Annette’s parents and his own parents, his Aunts and Grandmother, his children, and how close he felt to Annette’s mom, Lolita.

He insisted on having the Hail Mary’s reproduced in writing so that he could read them at will.  

Carty before his passing forgave everyone that hurt or wronged him, and he begged God to grant him forgiveness. He was prepared to meet God. He was prepared to cross those narrow seas.

The 21^st of October 2013 brought with it an end to a well-lived life. My friend Carty Mason passed through this earth and left his mark. A relatively poor, undiluted African-descendant male from Willikies Village learned to love a Lebanese-descendant, but Antiguan born woman from Crosbies. Love, we have seen, conquers all.

“But, man is lonely by birth

Man is only a pilgrim on earth

Born to be king

Time is but a temporary thing

Only alone while on earth….”

Antigua and Barbuda is about to celebrate its 32^nd year of independence; and, since Carty’s birth in 1963, we are about to hold the 12^th General Election in our country’s history.

While these public events and milestones help to define us as a people, our country relies collectively on the quality of the private lives which we live in order to measure our progress.

Cortright Mason lived through many changing scenes in life, in trouble and in joy. In the final analysis, when he found God, my friend Carty found heights of joy that only he can relate.

And as the Great Lebanese Artist, Poet and Philosopher Khalil Gibral wrote, and I quote;

“The Reality of Life is Life itself, whose beginning is not in the womb, and whose ending is not in the grave.  For the years that pass are naught but a moment in eternal life; and the world of matter and all in it is but a dream compared to the awakening which we call the terror of Death”.

“The soul is an embryo in the body of

Man, and the day of death is the

Day of awakening, for it is the

Great era of Labour and the rich

Hour of creation”

“Death is an ending to the son of

The earth, but to the soul it is

The start, the triumph of life”

May his soul continue to rest in eternal peace.

Amen.  -   Ho'n Asot Michael, MP

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Artur Boris acquires the domain “Caribarena(dot)com”

Artur Boris, a famous journalist from Moscow, Russia recently purchased the domain “Caribarena(dot)com” from Ofar Shekad. Artur Boris will soon host his news website on Caribarena(dot)com which holds considerable popularity in the Caribbean regions. 

The website that was earlier hosted on the domain “Caribarena(dot)com” was suspected to spread virus in the PC of the individuals who tried to access it. The controversies surrounding the domain possibly compelled Ofar Shekad to sell it. Artur Boris says, “We are very glad to acquire this domain and once the cleaning of the existing content from the domain is done, we will start our online media services on the same domain. Further, the domain has become immensely popular which will help us reach extensive population and fetch us more profit in Caribbean regions”.

The domain deal between Ofar Shekad and Artur Boris turns out to be beneficial to both parties.

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Naveen Jindal lays foundation stone for Temple at Jindal Nagar in Odisha

 

Report by Odisha Diary bureau, Angul: Chairman of Jindal Steel & Power Ltd (JSPL), Shri Naveen Jindal laid the foundation stone of Temple at JSPL Campus, Angul. Specially collected shilla (stone) – inscribed with the holy symbols in order to invoke divine presence and the guardianship of the lords of directions – were laid by Jindal amid chanting of vedic hymns and puja on the auspicious day of October 07, 2013.  Managing Director,  Ravi Uppal; Dy. Managing Director,  V.R. Sharma; Executive Director, D.K. Saraogi, Executive Director (Finance) Rakesh Kumar; other senior officials of JSPL and community members were present during the occasion.

 

 

 

 

 

The temple will have seven deities and five Garva Gruhas (Sanctums) and will be made in ‘Nagar Shaili’ Style of temples architecture which is widely popular in India. Ahemdabad based temple architect Mr. Nikhil Sompura who has designed several temples for Jindal group across India is designing the temple at Angul. In strict adherence to the principles of Shilpa Shastra there will be no use of steel. The east facing temple will be of 56 feet 11 inches of height and will span across 13084 square feet area.

 

“The temple will be made in a combination of the light yellow colour Porbandar stone and Makrana marble and have five main Sikhars,” said Shri. Sanjay Praharaj, Sr. DGM (Township Civil), under whose supervision the temple will achieve its full form in completion. The project is estimated to be completed in one and half years, informed Shri. JLN Murty, AVP (Civil).

 

“The temple will certainly create a positive ambience in the locality and will boost the morale as well as spiritual synergy among people,” said Mr. DK Saraogi, Executive Director and Location Head of JSPL. Women from local community, village leaders and family members of JSPL employees participated in the foundation laying ceremony, held with religious fervor.

JSPL regularly organizes art of living programmes for its employees and their family members to enhance spiritual bonding.

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Surender Kumar Sharma has been terminated - Punj Lloyd

Surender Kumar Sharma - CEO of Advance Infrastructures Private Limited who was initially working with Punj Lloyd Limited has been terminated from Punj Lloyd. Below are the details:

Punj Lloyd limited ("PLL" or "the Company"), a company registered under the Companies Act, 1956 having its registered office at Punj Lloyd House, 17-18, Nehru place, New Delhi - 110019 would like to inform the general public that services of Surender Kumar Sharma, erstwhile Senior General Manager - Pipelines has been terminated with effect from 20 June 2013.

The general public is hereby intimated and put to notice that Surender Kumar Sharma is no longer associated with PLL and/or its subsidiaries and associate companies as a representative/ agent or in any other capacity whatsoever and any person dealing with Surender Kumar Sharma and/or any other individual acting with him/under him, shall do so at his/her sole risk.

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Services of Sycorian

India is a country of diverse communities and cultural sub-groups, each of them unique in their own special way. Most families prefer to find a match within their own community for the sake of familiarity and comfort with traditions and value-systems. Over the many years of operation, Sycorian has established a thorough understanding of the specific social, economic and cultural aspects of each community, as well as changing social trends. On the basis of this understanding our matrimonial services are categorised as:

Arihant
DIGAMBER / SHWETAMBER JAINS

A simple and solemn affair, a Jain wedding is a series of rituals like Phere, Havan and Granthi Bandhan. For the Jains, marriage means a public declaration of a man and a woman's intention to stay together for entire life. The community also gives its support to the couple by participating in the wedding.

Astral
BRAHMIN, RAJPUT AND KAYASTHA

A Rajput Wedding comprises of various ceremonies such as the Tilak (engagement), the Ban (commencement of wedding ceremony), the Mel (community feast), the Nikasi (departure of the Bridegroom party for the wedding), the Sehla, and the Dhukav (reception of wedding party). Solemnisation of the wedding is referred to as Sat Phere.

Bibah Bandhini
BENGALI, ORIYA AND ASSAMESE

A Bengali wedding is a series of elaborate and colourful rituals that are conducted prior to, during and immediately after the wedding. The event starts with Ashirbaad and the wedding is solemnised in the form of a ceremony called Yagna, wherein the wedding couple sits in front of the sacred fire and chants mantras along with the priest.

Riddhi Siddhi
AGARWAL, GUPTA, MARWARI, MAHESHWARI, KHANDELWAL & GUJARATIS

Gujaratis are typically very enthusiastic people and even their marriage events are very colourful and boisterous. The typical Gujarati wedding begins with the blessings of Lord Ganesha. Then it continues in the form of various traditional ceremonies including Kanya Daan, Hasta Milap, Antarpaat, Madhuparka, Griha Shanti, Jaan, Pheras, and Saptapadi.

Laawan Phere
JAT, KHATRI, ARORA, RAMGARHIA SIKHS

A Sikh wedding is an elaborate and pompous affair with great food, music and dance. Traditionally speaking a Sikh bride wears a bright Salwar Kameez. The colour of the Kameez is mostly red or magenta. The actual wedding is solemnised in a Gurudwara in a ceremony known as Anand Karaj.

Nikah
SUNNI AND SHIA MUSLIMS

Once the Ijazat (Permission) from the bride has been obtained, the Nikah/wedding ceremony is conducted in the presence of the Qazi who reads selected verses from the Quran. The marriage is registered in the form of a Nikaahnaama (Marriage contract) that needs to be signed by bridegroom, the bride, the Maulvi and one witness from each side.

Progressive
COSMOPOLITAN / PROFESSIONALS

Our team is well versed with the evolving trends and marriage aspirations of the new-age professionals who prefer to select their spouse on the basis of education, personality and career standing, giving less emphasis on traditional factors.

Sharisti
ELITE AND HIGH PROFILE FAMILIES

Sycorian is well-versed with the expectations of high profile elite families while planning a matrimonial alliance. It is this understanding that has made us the most preferred agency among the Indian elite as well as NRIs.

India Matrimonial
REMARRIAGE

To remarry is often a tough-to-make and highly planned decision for obvious reasons. Our marriage counsellors have the desired level of sensitivity and understanding that goes into selecting the right individual for the purpose of remarriage.

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Sores Dogan s Trip Advices

Sores Dogan-Bosnia-Sarajevo

Hotel to stay: Hotel Europe Sarajevo.....excellent hotel with premium location and the best cafe in town right under the hotel in Bajcarsi district.

Where to eat: Buregdzinica Bosna......Since you are in Bosnia you have to taste the Bosnian Borek . I think this is one of the best where you can try.

Sores Dogan-Paris

Hotel to Stay:Mercure Paris Montmartre Sacre Coeur ....Very close to the attraction(Mouline Rouge , Sacre Coeur etc)  but far away from Eifell traffic of tourist .

Where to eat: Wepler.....Best price for a real french dish where French eats it.

Sores Dogan-Nice

Hotel To Stay:Ellington....In between beaches and train station with a fantastic staff.You can use their beach they provide towels.

Where to eat: La Favolla for sure it is great for the price. It might look weird to choose an Italian in france but it is like Italian with a French touch.

Sores Dogan-Menton

Hotel to Stay:Hotel Napoleon-On the beach , prices in Menton are expensive so this is one of the best priced.

Where to eat:It is the real deal Provence food at it is best price. It doesnt look as it is but you have to try it....

Sores Dogan-Roma:

Hotel to Stay:Dont expect way to much at this prices it is the best money can buy. Great place considering the tremendous prices around town.

Where to Eat:It is so hard to say a place when you are in heaven of food and wine. My suggestion is try as much possible :)

Sores Dogan -NYC

Hotel to Stay:If you have enough money for sure Waldorf may be New Yorker will be my second choice(cheaper for sure) or you can try zillions of choices most important thing is which part of the city you would liek to stay and this depends on what you are looking for. I would definetly suggest Manhattan eventhough it is a rush ...

Where to Eat: Try  The Palm for a real NY steak....

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Mr. Sores Dogan of Baldwin&Glesser are asking investors to brave on investing in Africa

Mr. Sores Dogan of Baldwin&Glesser are asking investors to brave on investing in Africa. Fundraising took place in multi markets has been wellcomed by many corporate investors and individual investors.

Mr. Sores Dogan who has been involved in many fund raising road shows priroly says; At the begining some investors had doubts about placing money on markets they dont really know but as they see the track record of our work priorly they are more keen to be involved.

As per todays values we have been able to secure 275M usd for our investments in Africa says Mr Sores Dogan. Fund FRONTIER-3 will be mainly investing energy and mining deals . Mr Sores Dogan also says they are willing to set up a second fund for agricultural projects which will also have a sub-fund regarding infrastructure investments .

In 5 years time our total portfolio in Africa will be 350 MWs says Mr Sores Dogan. Our principal investment of two hydro power plants which will be shovel ready in three months will be finalized in 50 months of the start date and will be connected to national grids where the projects are located.

As a conclusion Mr Sores Dogan states we believe Africa has more capacity than anywhere in the world and expecting to have double digit growth all around the continent in next 10 years. Mr Agabe Muwasbe and Mr Sores Dogan will have a press release conference in Nairobi in Februrary 20th at Crown Plaza Hotel

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SHARJAH’S LARGEST PORT HANDLER SEES DOUBLE DIGIT GROWTH IN 2013 - says Peter Richards

Sharjah-based Gulftainer, one of the world's largest privately owned port management and logistics companies, continues to increase its footprint both locally and internationally, and are poised to register a double digit growth again in 2013. 

The company operates three main UAE ports: two on behalf of the Sharjah Port Authority - Sharjah Container Terminal (SCT) and Khorfakkan Container Terminal (KCT); and one in Ruwais. 

Gulftainer's group managing director, Peter Richards disclosed that the company has surged ahead with further expansion plans within existing operations to allow for greater capacity and the increasing size of vessels now requiring access to the ports. 

"Our figures are indicative of the UAE's growing influence as an import and export hub, and even more so of the east coast's popularity for containership operators,” said Richards. 

He added that it is an exciting time for the company, as it anticipates a double-digit growth this year. 

In January this year, Khorfakkan Container became the first terminal operator in the Middle East to handle the world's largest containership, CMA CGM Marco Polo, owned by the CMA CGM Group. 

Khorfakkan is one of the few ports in the world able to accommodate Marco Polo's massive 16,020 TEU capacity. 

"Having grown up with the industry here in the region, Gulftainer has evolved significantly during the past four decades and the arrival of this vessel is indicative of our forward-thinking approach and understanding of what we can expect in the years to come,” Richards added. 

Having seen volumes increase at Khorfakkan in 2012, Gulftainer has ensured it stays ahead of the trend and the terminal is well prepared to handle mega-containerships beyond the 16,000 TEU handling capacity. 

"The size of containership vessels is only expected to increase,” says Group Managing Director of Gulftainer, Peter Richards, "as clients demand more cost effective movement of cargo, and operators demand greater fuel efficiency. Marco Polo is the first of a new breed of containership vessels, something that Gulftainer has pre-empted for many years, ensuring that its facilities are more than ready to accommodate these types of vessels.” 

Its arrival at KCT was marked with a presentation from Gulftainer to Captain Igor Sikic of the Marco Polo and CMA CGM representatives; Dubai Agency Deputy General Manager, Prinson George and Arnaud Coudray, Commercial Regional Director for the Middle East Gulf. The Marco Polo proceeded to its final port at Ningbo, China having covered a total distance of approximately 20,000 nautical miles since the commencement of its voyage on Nov.7 last year. It is the first of a series of three 16,000 TEU vessels from CMA CGM, that will all be named after great explorers. 

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Gulftainer Takes Control of Three Saudi Terminals Amid Expansion

Gulftainer acquired full management control of three terminals in Saudi Arabia, the world’s biggest oil exporter, as the closely held port operator based in the United Arab Emirates seeks to expand in emerging markets.
Gulftainer bought 51 percent of Saudi Arabia’s Gulf Stevedoring Contracting Co., helping it take management control of three terminals in Jeddah and Jubail, the company said today, without disclosing the value of the transaction. The acquisition makes it the largest port operator in theMiddle East by number of terminals operated, Gulftainer said.
“Saudi Arabia is hugely important for the company’s ambition in the Middle East,” Badr Jafar, vice chairman of Gulftainer, said in an interview today. “Going forward we see the majority of the company’s growth in developing markets.”
Saudi Arabia is spending billions of dollars to develop energy and infrastructure projects in regions such as Jubail, home to several projects that are being developed with companies including Dow Chemical Co. (DOW) and Total SA. Gulftainer, with its stake in Gulf Stevedoring, is likely among companies that stand to gain from shipment of goods to help develop the projects.
Gulftainer has ports and logistics operations in the U.A.E., Iraq, Russia, Lebanon and Brazil, as well as ventures in Turkey and Pakistan. The company expects to handle more than 10 million containers in the next five years, compared with a forecast of 6 million containers this year, driven by international operations, said Jafar, who is also the chief executive of Crescent Enterprises.
Investments

The port operator is considering opportunities in Africa, America and the eastern Mediterranean region for investments, Jafar said. “The exact ports and locations are under review.”
Gulftainer also plans to invest $150 million over five years in its home base in Sharjah and the U.A.E., where it expects to raise capacity to 8 million twenty-foot equivalent units by 2015. The company plans to invest $500 million over two years as it expands in Russia and Saudi Arabia, Jafar told Bloomberg News last month.
“We have a decent amount of work cut out for ourselves this year,” Jafar said today. “It doesn’t necessarily mean we are not looking at closing transactions in the remainder of the year, but our focus will be on recent acquisitions and operations.”

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Sores Dogan says Six places you must visit in… Turkey

Turkey has become a great holiday destination for both beach lovers and culture vultures. Travel-mail rounds up the six places you must visit when planning your next trip…

1. STARTER RESORT

Marmaris is a very good introduction to Turkey, a just-the-right-size resort on the south coast, set between mountains and a superb, sheltered bay hemmed in by islands.

On the waterfront, silken-tongued salesmen will sell you trips ranging from jeep safaris through the pine-clad mountains of the Loryma Peninsula to a lazy day on Cleo patra’s Island, where the sand is said to have been shipped from Egypt by Mark Antony.

My favourite trip is to Turtle Beach at Dalyan, a protected reserve for turtles on a three-mile-long sandy spit. Back in town, I recommend the hammam (Turkish bath) for the treatment reputedly devised to cure Cleopatra’s headaches.



2. NICE TROY

Alone under a high 3,000-year-old wall, with only a wild tortoise for company, I stood in Troy, the setting for the greatest story ever told, outside the Bible. It was easy to conjure up those fabled warriors, Achilles, Ajax and Odysseus, the Greek soldiers tumbling out of that huge horse (see the replica at the entrance) and the wondrous beauty Helen, who triggered the siege.

Enough of Troy’s ancient masonry survives to suggest that, whatever actually happened here, this was once a tremendous place. Close by are the Dardanelles, the narrow, history-rich neck of water dividing Asia and Europe.

And on the other side, the dignified calm of the Gallipoli peninsula and its beaches, scene of the doomed Allied campaign in the First World War. Combine the two in a day trip.

3. SEEK CHIC

Bodrum is one of Turkey’s most select resorts, at the foot of the west coast. By day, handsome ranks of white stucco houses with blue window frames shimmer on a green hill, bursting with bougainvillea, overlooking a dazzling blue bay.

By night Bodrum basks in the glow of the lit-up St Peter’s Castle, built by the Knights of
Rhodes with pieces of the Mausoleum of Halicarnassus, one of the Seven Wonders of the World, which stood nearby. Today the castle houses the Museum of Underwater Archaeology, displaying riches recovered from wrecks – some 3,000 years old.

Bodrum has a marina fit for the South of France, swanky hotels and high-decibel nightlife, complete with prowling paparazzi. But there’s perfect peace in the 15-mile-long peninsula to the west, with ancient terraced fields dotted with beehives.

There are thrilling glimpses down to islands, capes, inlets and quiet villages with
welcoming waterside restaurants.



4. BRIDGING CONTINENTS

Istanbul, where two continents meet across the Bosphorus, is the European Capital of Culture for 2010.

The ancient city is crammed with blockbusters from 2,500 years of history. There are Greek and Roman remains alongside the mystique, power and glitter of the Byzantine
and Ottoman empires. The short ferry trip from Kadikoy in Asia to Eminonu in Europe (the best way to the centre from Sabiha Gokcen airport, used by easyJet) gives a perfect view of the old city, dominated by the Ottoman Topkapi Palace, the vast dome of the Aya Sophia (once the greatest cathedral in Christendom) and the fabulous Blue Mosque.

The flip side of the city’s flat-out commotion is the nearby car-free Princes’ Islands, 45 minutes by ferry.

5. SUPER SOUTH

Antalya, in Turkey’s deep south on the Mediterranean’s Turquoise Coast, is a resort doubling as an open museum, refreshed with springs gushing down from the Taurus
Mountains. The old quarter is a tight swirl of red-roofed houses, threaded by narrow, cobbled streets.

It sits above the marina, site of an old Roman port. The triumphal arch, honouring a visit by Emperor Hadrian, still stands. Greek, Roman and Byzantine antiquities litter the coast and the mountains above.

There are easy day trips to ancient sites such as Perge, Side and Aspendos. My pick is the high and impregnable mountaintop city of Termessos, one of the few places to resist Alexander the Great. The Lycian Way, a 320-mile path between Antalya and Fethiye, is one of the world’s finest long walks.



6. LAZY DAYS

Top of my list of Turkish holiday experiences is a lazy, bay-hopping jaunt by boat  round the coast. The south and south-west coasts are the very best locations, and day (or shorter) trips are available from most resorts. They follow roughly the same magical formula. Sail for a bit. Then drop anchor for a swim in some empty cove, followed by lunch aboard.

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Asot Michael – Commitment

Asot Michael's Commitment : 


I am humbled by your appreciation of the record of service to this country by my parents and grand-parents. I am inspired by the high regard in which you hold my efforts to enhance and improve the quality of life of the people of Antigua and Barbuda, and particularly the residents of St. Peter’s. I cannot walk away from the genuine hand of friendship you have extended to me.

              I shall forever be inspired by the many prayers that were offered up for me during my darkest hour in public life, when unfortunately I was forced to resign as a Minister, not for any significant wrong-doing, but for doing right by you, and for speaking my mind on behalf of the wider population of this country. I shall never forget the night of June 19th 2003, when you came in your hundreds to my home to reaffirm your support and well wishes at the end of that most traumatic period. The outcome of any counting of ballots can never erase the impact of your expression of genuine love and concern for my physical and emotional well-being.


My desire to be of service to the people of Antigua and Barbuda is not for personal gain or aggrandizement. To the contrary, the temptation is great for me to conclude that the personal pain and vilification is not worth it. I have considered on many occasions walking away from it all and pursuing a career in business, or making a total shift to the law or some other profession. But when I visit your communities and your individual homes, when I speak to you in person at my office or on the telephone, I recognize your belief in, and commitment to, the cause for which I stand. I recognize that I can be no less committed. I will uphold your belief, I will pursue the cause of enhancing the standard of living and the quality of life of the residents of St. Peter’s. I reaffirm my support for the leadership of the Hon. Prime Minister, Lester Bryant Bird, and his vision for Antigua and Barbuda. I shall see this struggle through to the end. I therefore ask for your support on Election Day. My success, indeed your success, would provide both you and I with a voice in the elected House of Representatives of this country, as the duly elected member by and for the people of the constituency of St. Peter.

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Sahara Q Shop expands network; launches 100 exclusive stores in Delhi and NCR

901 ‘Sahara Q Shop’ Exclusive Neighbourhood Convenience Stores already operational in 12 states

Exclusive Sahara Q Shop’ Neighbourhood Convenience Stores run

on company and franchise operation model

 To provide sustainable self employment avenues at local levels

Delhi, August 05, 2013: ‘Sahara Q Shop’, the FMCG and Quality Consumer Merchandise Retail Company of Sahara India Pariwar, launches its operations in Delhi and NCR region with 100 exclusive Sahara Q Shop Neighbourhood Convenience Stores. Sahara Q Shop has plans to open 400 such stores by 31^st March 2014 in the region. Currently, there are 901 Sahara Q Shop Stores operating in 12 States. By the end of the current financial year the company has plans to have 10,000 (ten thousand) such stores across India. Two thousand of these stores will be opened in Metro Cities.

Earlier, Sahara Shop has entered the coveted record books of GUINNESS WORLD RECORDS by opening a record number of retail outlets across the country, at one time. Sahara Q Shop, on 1^st April, 2013 at 4:00 p.m, simultaneously opened 315 Sahara Q Shop stores in 10 States across India.

Sahara Q Shop set with the aim to provide unadulterated, standardized high quality products offers a entire range of items in the category of Food (staples and processed food), Non-food (personal care and home care), General Merchandise, Consumer Durables and Lifestyle.

The exclusive retail outlets are part of branded chain of Sahara Q Shop Neighbourhood Convenience Stores, operating on franchisee/ exclusive retailer model and offering an extensive range of Sahara Q Shop brand of 378 unit quality products and 763 Stock Keeping Units (SKUs). Each exclusive franchisee retail outlet is a unique model launched by Sahara Q Shop in 3 formats of 300 sq. ft., 400 sq. ft. and 500 sq ft. area. The outlets will cater to 2000+ households from its neighbourhood, providing one of the primary shopping options for daily necessities in its catchment area. Under the franchisee model, the company provides all the necessary training, collaterals, in-store branding, marketing support to successfully run the store. The model has been designed to provide sustainable self employment avenues at local levels.

Mr. Romie Dutt, Executive Director, Sahara Q Shop, said “We have received overwhelming response from markets where Sahara Q Shop has launched its operational model for franchisee/exclusive retailers. It has emerged as a sustainable income model at appropriate price providing unadulterated 100% pure quality consumer merchandise to our esteemed customers in their neighbourhood.” He futher said, “Delhi and NCR region is an important market for us, we have further plans to expand the retail network in the region so that Sahara Q Shop quality products can be easily made available to the people of the region.”

About Sahara Q Shop

Quality Consumer Merchandise Retail Venture - Sahara Q Shop=Q=QUALITY=PURITY=OUR MISSION.

Sahara India Pariwar, a major business conglomerate of India, forayed into the Fast Moving Consumer Goods (FMCG) and quality consumer merchandise retail sector with the launch of ‘Sahara Q Shop’ on 15th August 2012. Sahara Q Shop’ was set with the vision to provide 100% unadulterated, quality consumer merchandise products to the citizens of India at the right prices.  Today our product basket ranges in the categories like food (staples and processed food) non food (personal care and home care), General Merchandise, Consumer Durables and Lifestyle products spread across 378 unique products and 763 Stock Keeping Unit (SKU). 

In order to make Sahara Q Shop quality products available to people from all walks of life with convenience, 40,000 + Sahara Q Shop Exclusive retail stores are planned across length and breadth of the country. Each of the stores will cater to around 2000 households from vicinity.

With the mission to curb the menace of prevalent adulteration practices in the market, Sahara Q Shop is committed to the guarantee of good health for you and your family.

It is Sahara’s commitment to ensure that every single product will under stringent quality test before being rolled out in the market. All house hold items will be available at fair market price.

We offer our esteemed customers

• Completely unadulterated best quality
• 100% right weight/quantity
• Fair price
• 100% disclosure policy

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SHARJAH CONTAINER TERMINAL - GULFTAINER

The Sharjah Container Terminal, established in 1976 was the first purpose built and fully equipped modern Container Terminal in the Middle East. It is adjacent to Sharjah's industrial area which accommodates over 45 % of the non oil manufacturing capacity of the UAE.

The existing facility consists of 786 metres of quay, three berths with 11.5 metres draft and a terminal area of 150,000 sq. metres. SCT has storage facility for over 8500 TEU's and a 9300 sq. metre dedicated transit shed and storage area for LCL cargo.

SCT is equipped with two ship to shore Quay Cranes, three 104 tonne Liebherr and Gottwald Mobile Harbour Cranes, five Rubber Tyred Gantry Cranes and ample auxiliary container and cargo handling equipment.

SCT handles containers on behalf of over 40 shipping lines, including all of the world's top 20 companies. Major shipping lines calling at SCT include American President Lines (APL), Mediterranean Shipping Company (MSC), Maersk Line, MAG Containerlines, United Arab Shipping Company (UASC), Fruitex International Shipping, Yang Ming Line, Ethiopian Shipping Line and Star Feeders as well as other regular feeder operators.

Expansion work is nearing completion to increase draft to 12.5 metres, add a further berth of 200 metres and increase storage/stacking area by 30,000 square metres.

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KHORFAKKAN CONTAINER TERMINAL - GULFTAINER

Gulftainer's Khorfakkan Container Terminal (KCT) has been named 'Shipping Port of the Year' at the Annual Supply Chain and Transport Awards (SCATA 2011) in Dubai. The Awards, which are in their fifth year, are organised by magazine publisher ITP Business, and have established themselves as the ultimate celebration of the Middle East logistics industry's achievements.

The Award follows on the heels of Gulftainer's recent announcement that it achieved record volumes at its two UAE terminals in April, experiencing its highest ever monthly throughputs.

The 'Shipping Port of the Year' award is one of a number of awards in various categories covering the logistics, sea freight and air cargo sectors, and is awarded to the port authority or terminal operator that has delivered world-class services and facilities across the Middle East in the past 12 months.

Khorfakkan is one of the world's leading container transhipment ports. It is strategically located on Sharjah's Indian Ocean coast, outside the sensitive Straits of Hormuz and close to the main east-west shipping routes. It is only three hours from the UAE's main centres of population, Dubai, Sharjah and Abu Dhabi on the Arabian Gulf coast. 

Khorfakkan's location makes it an obvious choice for shipping lines with large transhipment volumes, who also require easy access to the UAE hinterland. KCT is an ideal transhipment hub port with numerous feeder ship connections to Gulf Ports, India, Pakistan and East Africa.

Phase 2 of a major expansion has recently been completed, providing 6 Super Post-Panamax gantries, and 4 Mega-max Tandem-Lift cranes on 800 metres of berth, with 16 metres of draft alongside. Total number of gantry cranes now in operation is twenty, and the overall storage space increased to 450,000 square metres. 

There is easy access from the open sea and containers are handled by ship to shore gantries plus a full complement of yard gantries, RTG's, tractors, trailers and forklifts. KCT has storage facility for over 45,000 TEUs, and a 3,000 sq.metre dedicated transit shed and storage area for LCL cargo. KCT also has the capability to accommodate in excess of 1,000 reefer containers at the facility.

Major Shipping Lines calling at KCT include United Arab Shipping Company (UASC), CMA-CGM, China Shipping, Hanjin, Sea Consortium, MOL & Hapag Lloyd. 

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Supreme Court Orders Sebi not to read further advertisements

In SEBI Sahara Case, today SEBI started its arguments on the contempt petition filed by SEBI alleging violation of the SC order dated 5-12-12 by Sahara. At the closing of arguments, counsel for SEBI stated that the arguments made by him also covered the contempt petitions earlier filed alleging breach of the order dated 31-8 -12 and argued that Shri Subrata Roy Sahara should also be held liable, besides the directors for the contempt. The Court however did not issue notice of contempt against Mr Subrata Roy Sahara, on the second contempt Petition.

Whilst referring to affidavit filed by Sahara on 4-1-12, SEBI argued that in the said affidavit undertaking has been given, which has been violated.   The Hon’ble Supreme Court also enquired with SEBI, as to how the said other group companies, which are independent legal entities, are bound by the said affidavit, filed by the two Sahara companies.  Counsel for SEBI indicated that this issue will be addressed by him separately. 

SEBI referred to an advertisement appeared in the news paper on 3^rd Sept. 2012 calling it as an instance of contemptuous conduct of Sahara. The Hon’ble Court, on referring to the said publication, observed that the same does not amount to contempt and indicated that SEBI may not read further advertisements.  

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The Real Cowards - Caribarena Antigua

Real Cowards - Caribarena News Antigua

Publish at Calameo or read more publications.

Real face of Caribarena Antigua News - They are Cowards.. And here is the proof.... If they are true and dont fear for anyone then why 

they haven't Tried to defend them?????? And they are just trying to take their revenge on people they hate..  They are not fighting 

for any Justice..... And this is the reality....

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Sahara blasts SEBI chief for ‘mischievous’ remarks

·         SEBI has just one-point programme – to destroy Sahara

·         Misleading, misinformation campaign

·         ‘We are being singled out for punishment’

·         Raises questions that why govt. depts. are not being punished

Hitting back at SEBI and its Chairman, Sahara India Pariwar has said that the market regulator has just one-point agenda to “destroy” the image of the diversified conglomerate.

Countering the allegations made by SEBI Chairman on the OFCDs raised by it, Sahara said in a public notice that he has recently “mischievously misled” the people. “Right from the beginning SEBI’s one point programme has been to hit and destroy Sahara by mischievously misleading campaign of misinformation though trial by media,” Sahara said.

Sahara recalled that when it promoted OFCDs for the first time in 2001, it had obtained a written permission for its OFCD issue from the Registrar of Companies (RoC) Kolkata under the Ministry of Corporate Affairs way back in 2001 and under Sec 60B (9) of the Companies Act, submitted prospectus to the same Registrar (filing the return) with the details of around 1.87 crore investors with their names, addresses and amounts raised etc.

Sahara is being accused of violating the rules pubic issue rules on the pretext that the raising of funds from more than 50 investors does not remain a private placement. But the fact is that even after informing of 1.87 crore investors in 2007, neither RoC nor any of the government departments raised any objection. On the contrary, in 2008, Sahara got permission from two RoCs – Kanpur and Mumbai - for raising funds through OFCD again. Moreover, all through these 10 years, various RoCs regularly did inspections, investigation and regularly took Balance Sheets and returns and other documents as per Companies Act. RoCs permitted Sahara and to that extent they were the concerned regulators for the OFCD, Sahara argued.

Recalling the SEBI’s wavering stand, Sahara said the regulator had forwarded a complaint against the Sahara companies - Sahara India Real Estate Corporation Limited and Sahara Housing Investment Corporation Limited - received in April 2010 to two different Regional Directors of Corporate Affairs Ministry, for appropriate action.

SEBI had even said in its letter to the two Regional Directors, who were concerned with the ROCs which permitted the OFCDs that the issue did not fall under the market regulator’s purview since the companies were unlisted. (Copy of the letter - http://sahara.in/furtherprecedents/docs/1.pdf)

Subsequently, Sahara pointed out, the Minister of State for Finance had informed the Lok Sabha in April 2010 itself on a question relating to CitiCorp’s OFCD issue that in the matters of unlisted companies issuing securities to several thousands of persons, SEBI does not exercise any jurisdiction. This statement was based on what the Executive Director, SEBI informed the Finance Ministry. (Copy of the Question & Answer at Parliament - http://sahara.in/furtherprecedents/docs/2.pdf)

In November same year, however, SEBI took a complete U turn and submitted through an affidavit in Lucknow Bench of Allahabad High Court that SEBI is the regulator for Sahara OFCDs, Sahara said.

Sahara pointed out in its public statement that SEBI should be severely punished for lying in Parliament or in its affidavit in the High Court. Any other citizen would have been jailed for such an act, Sahara said.

Mr. Mohan Parasaran ji, the then Additional Solicitor General of India (and now the Solicitor General) had also expressed his opinion on the query raised by the Ministry of Corporate Affairs that Sahara was right and SEBI wrong. He mentioned in his letter, “SEBI has no jurisdiction over the unlisted companies like the Sahara Group of Companies which are not intending to get themselves listed.” (Opinion of Mr. Mohan Prasanan - http://sahara.in/furtherprecedents/docs/8.pdf) 

Dr. Ashok Nigam, Additional Solicitor General of India, appearing on behalf of the Ministry of Corporate Affairs, also submitted through Affidavit in the Court that Sahara was right and SEBI was wrong. He also added, “In issuance of OFCD the petitioner company after their registration with the Registrar of Companies has been permissible under the law. The Central Government remains the regulating authority for the company. It has got its own control system in place which has been under constant review with the developments taking place in the corporate world and it has already increased its controlling aspect of such companies and would further strengthen the same by making keener and deeper scrutiny of private placement of companies”. (Copy of the Affidavit - http://sahara.in/furtherprecedents/docs/13.pdf )

In addition, as many as five other legal luminaries, including two former Chief Justices of India and one ex-Chairman of Securities Appellate Tribunal (SAT), expressed the opinion in favour of Sahara.

The Law Ministry with the signature of the then Minister Mr Veerappa Moily, officially communicated to the Ministry of Corporate Affairs (MCA) that Sahara was right and SEBI was wrong. MCA had, in fact, asked for the Law Ministry’s opinion, but they never produced it anywhere. But, somehow, Sahara got the copy and produced it in the court. SEBI has not yet reacted to it in the Court. (Copy of the document - http://sahara.in/furtherprecedents/docs/14.pdf )

Contrary to its view on Sahara, SEBI took an altogether different stand in the Kalpana Bhandari Case before the Bombay High Court that it did not has jurisdiction over unlisted public companies that did not intend to list their shares.

Similarly, in another case ‘Society for Consumers and Investors Protection Vs. Union of India’ in Delhi High Court in, SEBI took a view that it did not command jurisdiction, under Section 55A of the Companies Act, 1956, over unlisted public companies which did not intend to get listed.

Further, in response to the Prayag Infotech Hi-Rise Ltd., letter dated 27^th January, 2009, SEBI took a similar stand that unlisted companies did not come under its regulatory purview.

Stating that the company is being singled out for imposing a severe punishment, that too with a retrospective affect, Sahara asked as to why all the government departments are not being penalized. Had they not given repeated permissions Sahara would not have faced such a huge problem and injustice, the statement said and asked: “Is Sahara alone supposed to be solely responsible for the sanctity of law and legal system of the country that everybody should be hell bent upon punishing it with retrospective effect?”

On the current Scenario of its case on OFCD issue, Sahara explained that almost 3 years back it had voluntarily declared through a reputed Charted Accountant Firm that the liability, along with interest, of these two companies was Rs. 24,000 crores.

Sahara, which apprehended public violence across the country, began to refund the deposits much before that Supreme Court judgment of August 31, 2012 and some payments dragged up to September 20, 2012. Thus, Sahara’s liability was reduced to just Rs. 2,610 crores. Sahara also declared the Rs. 2500 crores as buffer amount subject to final verification of amounts. These figures were also certified by the same CA firm that declared the original liability of Rs 24,000 crores.

Following the Supreme Court order, Sahara deposited Rs 5120 crores with SEBI but the regulator is yet to pay to the investors. Is this the SEBI way of protecting the interest of small investors?

Sahara pointed out that SEBI accepted the liability figure of Rs. 24,000 crore as suited them and was not ready to accept the updated figure of Rs 2610 crores. Both the figures have been provided by Sahara itself and they are not come out as a result of any investigation by SEBI or any other body. Moreover, SEBI is supposed to refund about Rs 2000 crore to Sahara after refunding Rs 2610 crore to investors.

“It is important to note that there has been not a single complaint against Sahara. Had the payments not been made, there would have been violence and complaints throughout the country,” Sahara said and pointed out that nothing of this sort has happened.

Sahara said that the future of over 11 lakh workers is at stake and all that the company wants is justice.

For details the following link can also be consulted - http://sahara.in/furtherprecedents/

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