Supreme Court refused to release Sahara Group chief on bail or parole
Subrata Roy plans to raise $1.6 billion for his bail by selling properties (Photo: DC archives)
New Delhi: The case of imprisoned Sahara Group chief Subrata Roy took an interesting turn on Tuesday as the Supreme Court refused to release him on bail or parole, but allowed him to sell some of the group’s properties in order to raise funds by letting him out of jail during the day time under police custody to hold meetings with prospective buyers.
“We will allow you to hold negotiations outside jail between 10 am to 4 pm under police custody,” a bench headed by Justice T.S. Thakur said while allowing 65-year-old Roy, who has been behind bars for nearly five months, to sell some of his luxury hotels overseas to raise money.
( Source : dc correspondent )
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