Sahara chief Subrata Roy gets 4-week parole for mother's last rites

May 06, 2016 15:19

Sahara chief Subrata Roy has been granted parole to participate in the last rites of his mother Chabbi Roy, who passed away on Thursday night. Roy had moved the Supreme Court, seeking a three-week parole. The court has granted him a four-week parole.

Chabbi Roy, 95, passed away in Lucknow at around 1:30am after a prolonged illness.

Bereaved Subrata Roy is in Tihar jail for over two years now over non-payment of money to Sahara investors.

On 29 March, the Supreme Court had asked capital market regulator Securities and Exchange Board of India (Sebi) to initiate the sale of Sahara's properties.

Sebi had maintained that it would not be easy to sell these properties, based on a preliminary scrutiny of the titles of the properties.

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