Subrata Roy’s pa­role ex­tended till July 11

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - Vijay Swa­roop vijay.swa­roop@hin­dus­tan­times.com

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

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.