Sahara Group chief Subrata Roy has termed capital market regulator Sebi's action it as an act of personal vengeance.

Condemning Sebi's action, Roy claimed that the market regulator was fabricating stories without investigating facts.

In an interview, Roy said, "Many government agencies have been targeting us. will reveal at right time there is vengeance against us. All conclusions are derived without any verification."

He added that some political motives were behind the series of actions by the Reserve Bank of India (RBI) and Sebi.

He even accused Sebi of breaking rules, and crossing Supreme Court's order.

He also claimed that the group had already paid back nearly Rs 18,000 crore to the investors and that the outstanding liability was less than Rs 5,120 crore. He accused the market regulator of not being serious to give the deposited money to the investors.

Roy and three other directors of Sahara Housing Investment Corporation Ltd (SHICL) and Sahara India Real Estate Corporation Ltd (SIRECL) yesterday appeared in person before SEBI.

Roy claimed that he has no immovable property in his name, and that his assets include gold jewellery worth Rs 3 crore, bank balance worth Rs 34 lakh and fixed deposits worth Rs 1.59 crore.