SC extends Sahara chief Subrata Roy's parole till November 28
New Delhi [India], Oct 21 (ANI): The Supreme Court on Friday extended the parole of Sahara Group chief Subrata Roy till November 28, and granted the latter a little over a month's time to deposit Rs.200 crore with the Securities and Exchange Board of India (SEBI).
ANI
Oct 21, 2016 22:10 IST
New Delhi [India], Oct 21 (ANI): The Supreme Court on Friday extended the parole of Sahara Group chief Subrata Roy till November 28, and granted the latter a little over a month's time to deposit Rs.200 crore with the Securities and Exchange Board of India (SEBI). The Sahara Group deposited Rs.200 crore on Friday and said that it will deposit the balance Rs.200 crore by November end. The apex court, on September 28, had asked Sahara to deposit another Rs 200 crore by October 24 while extending the interim order to release Roy and two other directors on parole. The Sahara chief had been in judicial custody since 4 March 2014 along with two of his associates for failing to deliver on promises made to return the money two Sahara firms collected from depositors. Roy has been directly charged in the case pertaining to non-refund of nearly Rs 20,000 crores to investors. (ANI)
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