Madhabi Puri Buch, Chairperson of the Securities and Exchange Board of India (SEBI), has affirmed that the regulator will persist with its investigation into the Sahara Group matter following the passing of founder-promoter Subrata Roy. Buch clarified that the case targets the group and entities, not an individual, and that Roy’s demise won’t alter the ongoing probe. The SEBI holds undistributed funds of approximately Rs 25,000 crore, intended for about 3 crore investors. The dispute between SEBI and Sahara dates back to the pre-2010 era, with SEBI accusing Sahara’s group firms of violating capital market regulations with Ponzi schemes.