Is investment in sahara parivaar safe?

Sahara tried to bypass Sebi while making the OFCD issues. Second, they tried to pass off a public issue as a private placement. Third, they planned to keep the issues open indefinitely to raise Rs 20,000 crore in each company. Fourth, the company had not complied with even the basics of Sebi’s investor protection rules. So, how can investing be safe in such a company ? As I am a Company Secretary, I know the  securities laws, so it's quite natural that I would stay away from such risky investments.  Those who had invested were ordinary investors, who are generally unaware of Securities laws.

But since sahara is a great group, Its cricket sponcerships, shahara city projects, huge cash balances and large land acquisitions and large network of centers, agents etc. are make people to believe on it.

If its so risky then why Govt. allow him to run investment schemes? There customers mostly comes from villages where no banking facilities are available.

Deepak, it is because Subroto Roy is politically well connected. Those who are politically connected, always find their own way. If these schemes are really safe, then why is Sahara business model not transparent ?