Roy Didn’t Go Abroad De­spite Per­mis­sion: Sa­hara

The Economic Times - - Companies -

Seek­ing to re­ject any “im­pres­sion” that its chief Subrata Roy wanted to go abroad be­fore in­car­cer­a­tion, em­bat­tled Sa­hara group on Mon­day said that he re­turned to the coun­try on be­ing sum­moned and later did not leave the coun­try even af­ter the Supreme Court gave him per­mis­sion to do so. Ob­ject­ing to Sebi lawyer Arvind Datar’s com­ments about Roy hav­ing sought per­mis­sion to go abroad weeks be­fore be­ing jailed, Sa­hara’s coun­sel Gau­tam Awasthi said that his state­ment “tends to mis­lead by cre­at­ing an im­pres­sion as if ‘Sa­ha­rasri’ Subrata Roy Sa­hara wanted to go abroad be­fore in­car­cer­a­tion”. Roy is re­ferred to as Sa­ha­rasri in his group, which has been en­gaged in a long-drawn battle with mar­kets reg­u­la­tor Sebi over col­lec­tion of funds to­talling nearly .₹ 25,000 crore from three crore in­vestors.


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