The Securities and Exchange Board of India moves the Supreme Court seeking the arrest and detention of Sahara chief Subrato Roy.  Sebi had ordered Sahara to refund Rs 24,000 crore to subscribers. The plea is to be heard this month.  Sebi also seeks the attachment of passports of Roy and two directors of the group.

Sebi, last month, had ordered the freezing of bank accounts and attachment of all properties of two group firms and top executives, including Subrata Roy. Sebi's action follows directions from the Supreme Court, which had said that the market regulator was free to freeze accounts and attach properties if Sahara group companies were not depositing the money with it for refund to investors.

Passing two separate orders against Sahara Housing Investment Corporation Ltd (SHICL) and Sahara India Real Estate Corporation Ltd (SIRECL), Sebi said that the two companies had raised Rs 6,380 crore and Rs 19,400 crore respectively from bondholders and "various illegalities" were committed in raising of these funds.