Sahara has strongly objected to Netflix using the chit fund tag for Sahara. Sahara India Pariwar spokesman states that “the film wrongly mentions that Sahara is in the business of the Chit Fund. This is completely wrong. We were never, and we are never a chit fund company. Since beginning we were under regulation of the Registrar of Firms Societies, under regulation of the Reserve Bank for 21 years, worked long years under the Ministry of Corporate affairs and now our workers have promoted and running Co-operative societies under the regulation of the Ministry of Agriculture.
” Objecting to the intention of Netflix, the spokesperson of Sahara India Pariwar said that “The whole film is a bundle of lies, manipulating and ill-conceived which is an attempt made by Netflix to tarnish the image of Sahara. They have already published this film with the title ‘Bad Boy Billionaires’ and showing with Dr. Vijay Mallya, Mr. Nirav Modi who have taken away banks money whereas Sri Subrata Roy Sahara and Sahara Group have deposited Rs.22,000 Crore including interest with SEBI whereas SEBI did not require more than around 100 Crores repayments.
Sahara has already repaid.”He further added that: “We are pointing out some of the major points categorically to substantiate that how ill-researched and irresponsible Netflix is in the film and legally as well as technically misguides the audience at large and takes them away from the truth.” Just to gain commercial benefits, Netflix has created an ill-conceived, spiced up commercial film full of sensationalism at the cost of the image of the Sahara Group which is unacceptable and highly objectionable, a statement said.
