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Sahara chief Subrata Roy granted four weeks’ parole to attend mother’s funeral

New Delhi: Sahara chief Subrata Roy has been granted a four-week parole for attending his mother Chhabi Roy’s funeral who passed away in the wee hours this morning. The Supreme Court Thursday agreed to hear

India TV Business Desk India TV Business Desk Published on: May 06, 2016 16:15 IST
Sahara chief Subrata Roy
Image Source : PTI Sahara chief Subrata Roy

New Delhi: Sahara chief Subrata Roy has been granted a four-week parole for attending his mother Chhabi Roy’s funeral who passed away in the wee hours this morning.

The Supreme Court Thursday agreed to hear the plea of Roy seeking parole to perform 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.

According to the Securities and Exchange Board of India (SEBI)’s lawyer Arvind Datar, the amount 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.

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

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.

(With inputs from PTI)

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