SC extends Subrata Roy's parole, asks him to pay Rs 300 crore by August 3
While giving relief to the discredited Sahara India Pariwar chief Subrata Roy, the SC extended his parole to August 3 with a condition that he will pays Rs 300 crore or will be sent back to jail
The Supreme Court while extending the parole till August 3 to Sahara chief Subrata Roy has asked him to pay Rs 300 crore . The bench headed by Chief Justice T.S. Thakur gave this ruling while hearing the Sahara - Sebi row.
The Supreme Court also told Roy that parole was given on humanitarian grounds and it should not be misused. It warned Roy 'either pay or go back to jail'.
The court had on 6 May allowed Roy and Ashok Roy Choudhary, his brother-in-law and a Sahara director, to go to Lucknow on a four-week parole to perform the last rites of Roy’s mother. Subsequently, the stay was extended as Roy promised to return investors’ money.