New Delhi, May 12 (PTI) Asking Sebi to proceed with its probe into Sahara group's OFCD scheme, the Supreme Court today said investors may not have any knowledge about these products and might feel cheated like in the Harshad Mehta scam.
"We are of view that on the question of OFCD (Optionally Fully Convertible Debentures), it requires decision of (market regulator) SEBI. Let SEBI hear and pass an order," the court said while hearing a case related to OFCDs issued by two Sahara group firms.
Hearing the case, a three-judge bench headed by Chief Justice S H Kapadia also observed that investors were not aware of this investment scheme and later they might feel cheated as was the case with Harshad Mehta securities scam that took place in 1990s.