Supreme Court to extend Subrata Roy’s parole till 11 July

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Subrata Roy.
Subrata Roy.

After releasing him on four-week parole, the Supreme Court on 11 May extended the parole of Sahara chief Subrata Roy till 11 July.

Roy’s parole was extended on the condition he will deposit Rs 200 crore with Securities and Exchange Board of India (Sebi).

“He will be back in Tihar Jail if he doesn’t deposit Rs 200 crore by 11 July,” said the court.

The SC also instructed the Sebi to go on with auction of properties, and said ‘value’ of Sahara assets are many times more than its dues.

According to ANI, Roy listed his immovable assets and requested the court to keep the details in a sealed cover.

Last week, he was released from jail to attend rituals following his mother’s death of his mother, Chhabi Roy, 95, who passed away in Lucknow.

A bench comprising CJI TS Thakur, Justices AR Dave and AK Sikri allowed the plea of Roy seeking permission to attend the last rites of his mother.

Roy has been in Tihar jail since March 4, 2014 following a running dispute with Sebi.