Subrata Roy’s free­dom from jail linked to sale of Sa­hara as­sets: SC

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - NEWS - HT Cor­re­spon­dent letters@hin­dus­tan­times.com

NEW DELHI:

Im­pris­oned Sa­hara group chief Subrata Roy on Wed­nes­day told the Supreme Court that he may not sur­vive an­other sum­mer in Ti­har jail as he cited ill health to make a case for his re­lease.

The 67-year-old busi­ness­man’s plea came on a day the Se­cu­ri­ties and Ex­change Board of In­dia (Sebi) in­formed the top court that the sale of his com­pany’s prop­er­ties will be­gin next week to meet his li­a­bil­i­ties to in­vestors, which stands at `36,000 crore.

The court re­fused to grant pa­role to Roy, who is in jail since March 4, 2014, and di­rected his com­pany to fur­nish de­tails of its prop­er­ties in a sealed cover to as­cer­tain if th­ese were enough to pay back the in­vestors.

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