Three weeks after launching the Central Registrar of Cooperative Societies (CRCS) Sahara portal, Union Home Minister Amit Shah on Friday initiated the process of refunding  money of over two crore depositors of four cooperatives of the Sahara Group, which is being investigated for money laundering and financial embezzlement. An initial refund of Rs 10,000 each was transferred to the bank accounts of 112 investors. So far 18 lakh depositors have registered on the ‘CRCS-Sahara Refund Portal’, which was launched on July 18.

On March 29, the government said money would be returned to 10 crore investors within nine months. The announcement followed a Supreme Court order directing transfer of Rs 5,000 crore from the Sahara-SEBI refund account to the Central Registrar of Cooperative Societies (CRCS).What is CRCS Sahara Refund Portal?