Subrata Roy’s parole extended till October 24

TIL Desk/National/New Delhi-The Supreme Court extends Sahara chief Subrata Roy’s bail till to October 24 and directs him to pay Rs 200 crore.   The court extends the interim parole of Roy till October 24th and asked him to deposit Rs 200 crore within that time and asked Roy’s lawyer to give a road map on how will they pay the approximately Rs 12,000 crore to SEBI.

The apex court earlier on September 23 ordered that Roy should be taken into custody till October 3, but in a reprieve stayed his arrest till September 30. Roy had been out on parole since May after serving a two-year term in Delhi’s Tihar Jail to hold the last rites of his mother, who passed away after a prolonged illness.

In one of the last hearings, his bail was extended till September 16 on the condition that the Sahara Group deposit Rs 300 crores with the apex court. The apex court had asked Sahara India to reveal the source of the Rs 18,000 crore it had claimed to have paid back to the investors.