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SC declines Sahara chief’s plea for release

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New Delhi, March 13

Sahara group chief Subrata Roy will stay in Tihar jail for some more time as the Supreme Court Thursday declined his plea for release on a personal bond with an assurance that he will not leave the country.

Subrata Roy, Sahara Chief
Subrata Roy, Sahara Chief

The apex court bench of Justice K.S. Radhakrishnan and Justice J.S. Khehar reiterated their earlier order as they asked senior counsel Ram Jethmalani if there was any proposal by the Sahara chief to deposit the balance of Rs.19,000 crore to SEBI for resumption of investors money.

When Jethmalani told the court that Roy was prepared to pay an amount of Rs.2,500 crore as part payment of the outstanding amount, the court refused to accept the offer.

A similar offer made earlier by Sahara was rejected as unacceptable by the court.

(IANS)

1 COMMENT

  1. Jethmalani told the court that Roy was prepared to pay an amount of Rs.2,500 crore as part payment of the outstanding amount, the court refused to accept the offer.
    (Is Sahara is showing mercy to needy investors or is he paying back from his pocket.By this time the investors money would have been muti fold amount by this time.To take away needy people’s money ,life long income for a dream house.But it is difficult to pay back the investors) !
    Salute to The Apex Court.

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