‘Be­fore He Was Sent to Jail, Sa­hara Chief Wanted to Go Over­seas’

The Economic Times - - Companies -

New Delhi: Weeks be­fore be­ing sent to jail by the Supreme Court, the em­bat­tled Sa­hara Group chief, Subrata Roy, wanted to go abroad for “busi­ness dis­cus­sions” with Bill Clin­ton and Tony Blair, mar­kets reg­u­la­tor Sebi’s lawyer Arvind Datar in this high-pro­file case has said.

De­scrib­ing the long-drawn le­gal battle be­tween Sebi and Sa­hara as a “fas­ci­nat­ing case”, Datar also said, “As the line goes ‘pic­ture abhi baaki hai’, we don’t know when and where it will take (us).”

Roy was sent to Delhi’s high-se­cu­rity Ti­har Jail on March 4, 2014 and has been lodged there since then as a le­gal tus­sle con­tin­ues over col­lec­tion of money by two Sa­hara firms from an es­ti­mated three crore in­vestors.

De­liv­er­ing a lec­ture on ‘Sa­hara vs Sebi’ case here on Fri­day evening, the em­i­nent lawyer said the Supreme Court had asked Roy not to leave the coun­try when the is­sue re­lated to a Mum­bai prop­erty came up dur­ing one of the hear­ings.

“Be­fore the Supreme Court asked him (Roy) to ap­pear, he filed an ap­pli­ca­tion to say that he wanted to leave In­dia... He said he wanted to leave In­dia to meet Bill Clin­ton and Tony Blair for busi­ness dis­cus­sion. It is on record,” Datar said.

Clin­ton and Blair are the for­mer US Pres­i­dent and the UK Prime Min­is­ter, re­spec­tively.

The Court later asked Roy to ap­pear be­fore it and there­after, he filed an af­fi­davit, say­ing his mother was very se­ri­ous and he can't leave Lucknow, Datar said.

“I said I will be the last per­son to come in such a way but if he can go and meet Bill Clin­ton, then he can come and meet the Supreme Court,” Datar said in his lec­ture or­gan­ised by Vidhi Cen­tre for Le­gal Pol­icy here.

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