New Delhi: Sahara chief Subrata Roy, who was sent in judicial custody for a week in Delhi by the Supreme Court on Tuesday, will be kept in high-security Tihar prison where he will sleep on the floor and eat jail food like an ordinary prisoner. Roy, who calls himself managing worker of Sahara India Pariwar, the largest private sector employer in the country, will be allowed to meet visitors only twice a week.
"Unlike other jails, where prisoners are categorized under A, B or C category, we don't have such special class. So, he will be kept as an ordinary prisoner," Tihar Jail spokesperson Sunil Gupta told PTI. "We have two complexes, one at Tihar and the other in Rohini. We have decided to keep him at Tihar Complex where he will be treated like any ordinary prisoner", he said.
"He will have to sleep on the floor and have to eat jail food. Visitors will be allowed to meet him only twice a week and that too from the list of ten people he will have to submit at the time of admission," he said. Once he reaches Tihar, a doctor will examine him for any medical condition and if he is found to be suffering from one, treatment will start from day one itself. "He will be kept in a civil cell to save him from other prisoners," Gupta said.
Roy was on Tuesday ordered to remain in custody for a week in Delhi by the Supreme Court which was unhappy over the proposal his group on the refund of investors' money as it has not come up with any concrete proposal. Apart from Roy, the bench also ordered that the Group's other two Directors Ravi Shankar Dubey and Ashok Roy Choudhary be taken into custody letting the woman Director, Vandana Bhargava free.
Roy told Supreme Court, "We will sell our properties to refund the amount."
SC rapped Sahara Group for not abiding by its order and taking contradictory stand on payment of investors' money. SC said to Roy, "You push us to the corner. Had you been serious, this position would not have arrived."
There was high drama in the Supreme Court when a man threw ink on Sahara chief Subrata Roy's face while he was being taken into court for a hearing. The man managed to get close to Roy and tried to pull his shirt, shouting "He robs the poor."
In picture: A man removes his shirt after throwing ink on Subrata Roy outside the Supreme Court (Photo - AP)
Roy is being probed for his alleged inability to pay back clients nearly Rs 20,000 crores.
Roy was taken to Delhi by road on Monday by the Lucknow police. Roy is to be produced before the Supreme Court on Tuesday after a non-bailable warrant was issued against him last week.
Roy, the self-styled managing worker of Sahara India Pariwar, India's biggest private-sector employer, is appearing before the Supreme Court after spending the weekend in custody at a government nature-reserve guest house.
Roy was arrested on Friday after failing to appear at a Supreme Court hearing -- which he says he missed to attend to his ailing mother -- related to a multi-billion-dollar Sahara investment scheme that was later ruled to be illegal.
Roy and unlisted Sahara have long been subjects of mystery. Roy is prone to public shows of patriotism and full-page newspaper ads defending Sahara against the authorities, and is often photographed with Bollywood stars and cricketers.
Sahara itself is best known as the former main sponsor of the India cricket team, as well as owner of New York's Plaza Hotel and London's Grosvenor House. It has a net worth of $11 billion and more than 36,000 acres of real estate, according to its website.
The Securities and Exchange Board of India (SEBI) says Sahara failed to comply with a 2012 court order to repay billions of dollars to investors. Sahara says it repaid most investors and that its remaining liability was less than the 51.2 billion rupees it deposited with SEBI.
"The question is money. Where is the money and when will it be paid," said Dushyant Dave, a Supreme Court lawyer who has represented Sahara in the past.
FRUSTRATION
The Supreme Court, which has expressed frustration at Sahara's conduct, had ordered Sahara to disclose the details and source of funds from which it said it repaid investors, but a lawyer for the regulator told the court in late January that Sahara had not given the details.
Sahara had offered to give SEBI title deeds of properties it said were worth 200 billion rupees as security, but the regulator said the properties were far over-valued. The court also ordered that Sahara not sell any of its property.
SEBI declined to comment on the case on Monday and a Sahara spokesman did not reply to calls and emails seeking comment.
Sahara's core business includes selling financial products, largely to small investors in towns and rural areas. It was two such products, later ruled illegal, that drew SEBI's attention.
Critics, including activist groups, argue Sahara's investment products are designed to evade regulatory oversight and that the company lacks transparency on the source and use of funds.
Police went looking for Roy on Thursday at his sprawling Sahara Shaher estate in Lucknow.
Roy turned himself in on Friday and denied he had been "absconding," saying he was meeting doctors over the condition of his 92-year-old mother, as well as a lawyer, and was taken to a government guest house in a forested area on the outskirts of Lucknow.
MAN OF MYSTERY
Roy started out from the city of Gorakhpur in the hardscrabble east of Uttar Pradesh and styles himself a man of the people, though he also makes a show of opulent living and is often photographed with celebrities.
Like many Indian business leaders, he is perceived to be close to politicians.
He is often described in the media as a billionaire, but last year said his assets were less than $1 million.
His titles at Sahara are chairman and managing worker, and he refers to himself as "guardian of the world's largest family" of more than one million employees and agents.
In interview with Reuters last May, he seemed relaxed, asking a visitor about his family and whether he's had lunch. "I'm a very happy person. I am never in tension," he said.
Roy, who often wears a white shirt, black waistcoat and black tie bearing a Sahara logo, last May dismissed the suggestion that he was relishing his headline-making dispute with SEBI.
"Nobody relishes battle," he said in May. "But I have learned one thing from my father right from childhood: that if somebody's good this much to you, be good double to him. If somebody's bad this much, be bad to them double. And he has very clearly taught us, don't accept injustice."
