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Rediff.com  » Business » Supreme Court extends Subrata Roy's parole till July 11

Supreme Court extends Subrata Roy's parole till July 11

May 11, 2016 16:23 IST

Subrata Roy was sent to jail on the orders of Supreme Court in a long running dispute with market regulator SEBI.

Image: Subroto Roy (R), chairman, Sahara India, with his wife Swapna Roy. Photograph: Reuters
 
 

The Supreme Court has extended the parole of Sahara chief Subrata Roy till July 11 to enable him to deposit Rs 200 crore (Rs 2 billion) with SEBI.

Subrata Roy walked out of Tihar jail on May 6, where he was lodged for over two years, after the Supreme Court granted him a four-week parole to attend the funeral of his mother.

Besides Roy, the apex court had also granted parole to one of jailed Sahara directors Ashok Roy Choudhary, who is a relative of Subrata.

"Both Subrata Roy and Ashok Roy Choudhary were released around 8.45 p.m. from the jail number 1 of Tihar where they had been lodged since March 4, 2014," said a senior jail official.

The court has directed that Roy would be under the protective custody of police during the parole period.

His counsel Kapil Sibal assured the court that he will not try to escape or run away.

He was sent to jail on the orders of Supreme Court in a long running dispute with market regulator SEBI.

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