LIVE! No house arrest for Subrata Roy, has to stay in jail: SC
April 09, 2014 13:21
The Supreme Court has declined Sahara's plea to keep Subrata Roy under house arrest instead of in Tihar Jail.
Sahara had told the SC that it was difficult to raise money while Sahara Subrata Roy is in jail. "No international buyer would like to visit the jail to negotiate a deal," Sahara counsel Ram Jethmalani told the apex court.
The Sahara Group recently expressed its inability to the court to immediately pay Rs 10,000 crore for securing bail of its chief Subrata Roy and its two directors. The three have been in jail since March 4.
Sahara had told the SC that it was difficult to raise money while Sahara Subrata Roy is in jail. "No international buyer would like to visit the jail to negotiate a deal," Sahara counsel Ram Jethmalani told the apex court.
The Sahara Group recently expressed its inability to the court to immediately pay Rs 10,000 crore for securing bail of its chief Subrata Roy and its two directors. The three have been in jail since March 4.
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