Friday, March 29, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. Subrata Roy can’t survive another summer in jail: Sahara group tells SC

Subrata Roy can’t survive another summer in jail: Sahara group tells SC

New Delhi: Sahara group today informed the Supreme Court that the health of its chief Subrata Roy is deteriorating fast and he would not be able to survive another summer in jail. Roy who was

India TV Business Desk India TV Business Desk Updated on: April 27, 2016 19:24 IST
Subrata Roy
Image Source : PTI Subrata Roy

New Delhi: Sahara group today informed the Supreme Court that the health of its chief Subrata Roy is deteriorating fast and he would not be able to survive another summer in jail.

Roy who was sent to the national capital's high-security Tihar Jail on March 4, 2014 has been lodged in Tihar jail over collection of money by two Sahara firms from an estimated three crore investors.

SEBI also told SC that 67 properties of Sahara are up for sale and the  process will start next week.

Read Also: Weeks before being jailed, Subrata Roy wanted to go abroad

According to the Securities and Exchange Board of India (SEBI)’s lawyer Arvind Datar the anount to be paid by the Sahara group is Rs 24,000 crore which along with the interest amounts to  Rs 34,000-35,000 crore.

Earlier, the Sahara chief also urged SC to grant permission for going abroad for "business discussions" with Bill Clinton and Tony Blair.

"Before the Supreme Court asked him (Roy) to appear, he filed an application to say that he wanted to leave India. He said he wanted to leave India to meet Bill Clinton and Tony Blair for business discussion. It is on record," Datar said.

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business

Advertisement
Advertisement
Advertisement
Advertisement