Supreme Court extends Subrata Roy’s parole till July 11; asks him to deposit Rs 200 crore

NEW DELHI: After granting him four weeks of leave, the Supreme Court on Wednesday extended the parole of Sahara chief Subrata Roy till July 11.
The court extended his parole on the condition that he will deposit Rs 200 crore with the Securities and Exchange Board of India (SEBI).

“Failure to deposit Rs 200 crore by July 11 shall land Roy back in Tihar jail,” said the court
The apex court also directed SEBI to continue with the auction of properties, and observed that ‘value’ of Sahara assets are many times more than its dues,” reported ANI.

Roy also submitted a list of his immovable assets to the court and requested the court to keep details in a sealed cover.
The court said that Roy is free to meet prospective buyers of properties and move within the country in police escort as per May 6 order.
Last week, Roy was released from jail to attend rituals following the death of his mother. Roy’s mother Chhabi Roy, 95, passed away in Lucknow after a prolonged illness.
A bench comprising Chief Justice T S Thakur, Justices A R Dave and A K Sikri allowed the plea of Roy seeking permission to attend cremation rites of his mother. Roy has been in Tihar jail since March 4, 2014 on the orders of the apex court in relation with a long running dispute with market regulator SEBI.
With agency inputs

Posted by on May 11, 2016. Filed under Economy. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.