1. Home
  2. Business
  3. Subrata Roy can’t survive another summer

Subrata Roy can’t survive another summer in jail: Sahara group tells SC

India TV Business Desk 27 Apr 2016, 19:24:46 PM IST
India TV Business Desk

New Delhi: Sahara group today informed the Supreme Court that the health of its chief Subrata Roy is deteriorating fast and he would not be able to survive another summer in jail.

Sahara tells SC "Subrata Roy's health condition deteriorating, can't survive another summer in jail"

— ANI (@ANI_news) April 27, 2016

Roy who was sent to the national capital's high-security Tihar Jail on March 4, 2014 has been lodged in Tihar jail over collection of money by two Sahara firms from an estimated three crore investors.

SEBI also told SC that 67 properties of Sahara are up for sale and the  process will start next week.

Read Also: Weeks before being jailed, Subrata Roy wanted to go abroad

According to the Securities and Exchange Board of India (SEBI)’s lawyer Arvind Datar the anount to be paid by the Sahara group is Rs 24,000 crore which along with the interest amounts to  Rs 34,000-35,000 crore.

Earlier, the Sahara chief also urged SC to grant permission for going abroad for "business discussions" with Bill Clinton and Tony Blair.

"Before the Supreme Court asked him (Roy) to appear, he filed an application to say that he wanted to leave India. He said he wanted to leave India to meet Bill Clinton and Tony Blair for business discussion. It is on record," Datar said.