Subrata Roy’s parole extended till July 11
NEW DELHI: The Supreme Court on Wednesday extended the parole granted to Sahara chief Subrata Roy till July 11 to enable him to deposit Rs 200 crore with market regulator Securities and Exchange Board of India (SEBI). Roy was released on parole on May 6 for four weeks to attend rituals following the death of his mother.
A bench headed by Chief Justice TS Thakur, however, directed Roy and Sahara Group director Ashok Roy Choudhary, both released on parole, to furnish their undertaking to prove their “bona fide” and seriousness. Roy was sent behind bars on March 4, 2014 after his company failed to comply with a court order to refund thousands of crores to investors in a bond programme that was ruled illegal.
CONTINUED ON P11