“That is fully flawed. We have been by no means, and we’re by no means a coupon fund firm.”
Sahara Group on Thursday demanded a ban on new Netflix collection ‘Unhealthy Boys Billionaires’ and requested the streaming platform to take corrective measures to take away “ill-researched and baseless” content material, which it alleged was geared toward tarnishing the picture of the enterprise home.
Objecting to the intention of Netflix, the spokesperson of Sahara India Pariwar stated, “the entire movie is a bundle of lie, manipulating and ill-conceived which is an try made by Netflix to tarnish the picture of Sahara”.
Sahara Group stated the collection has wrongly talked about that Sahara is within the enterprise of chit fund. As well as, the group stated the movie has very wrongfully alleged that its depositors usually are not real.
“That is fully flawed. We have been by no means, and we’re by no means a coupon fund firm. For the reason that starting we have been beneath regulation of Registrar of Corporations Societies, beneath regulation of Reserve Financial institution for 21 years, labored lengthy years beneath Ministry of Company Affairs and now our employees have promoted and are working cooperative societies beneath the regulation of Ministry of Agriculture,” Sahara Group stated in a press release.
Moreover, Sahara Group stated not a single rupee has been forfeited in any of the schemes of Sahara whether or not the account continues or discontinued.
“It’s stated within the movie that brokers cease going to village and when the account is discontinued, account holder will get a letter of quantity being forfeited which is absurd and wrongfully maligns Sahara Group’s picture,” Sahara Group stated.
On the difficulty of re-investment, Sahara stated, “Netflix, within the movie tried to color a unfavorable picture of Sahara on the reinvestment facet. All through the world, in all monetary establishments together with banks and, within the firms, the place brokers are selling enterprise like in life insurance coverage, and so on. the reinvestment is at all times finished in an enormous method. In our case round 40 per cent is reinvested.”
Calling the collection ill-researched and away from details, Sahara Group has demanded that the movie be instantly banned all through the world and Netflix ought to be requested to take the factual appropriate data, which ought to be integrated and adjusted within the movie after which to be exhibited.
With regard to fooling depositors for a few years, Sahara Group stated its “a completely flawed allegation that we have been fooling the buyers in starting years after which we have been /are unable to repay. We’re recurrently repaying although in some circumstances delayed funds are finished however we’re paying curiosity of the delayed interval as much as the final day”.