SC asks Sahara, jail officials to work out viable plan for hotel sale talks

Written by fe Bureau | New Delhi | Updated: Jul 31 2014, 06:21am hrs
The Supreme Court on Wednesday asked the Sahara Group and Delhis Tihar jail authorities to work out a viable proposal to enable jailed Sahara chief Subrata Roy to step out of the lock-up for facilitating business negotiations with potential buyers of his luxury hotels in New York and London to raise R10,000 crore to get the regular bail.

A bench led by justice TS Thakur sought fine prints of the proposal, sought to be agreed upon by both the parties, by August 1, when the court is likely to pass an interim order allowing Roy to use conference room in the Tihar jail complex for negotiations with domestic and international buyers.

It asked asked 65-year old Roy to give details of the gadgets, like phone and computer, and secretarial staff which are going to assist him.

The court had last week asked the Delhi government to examine what facilities it could extend to Roy and two other directors in the Tihar jail complex to facilitate his negotiations for the sale of his properties without compromising security.

Solicitior General Ranjit Kumar told the bench that Roy can hold consultations either in the conference room or the guest house within the jail complex with a condition that people would be allowed to come inside jail only between 6 am to 8 pm and internet connection would be provided by it.

On Wednesday, Roy was represented by senior counsel Harish Salve and KTS Tulsi. They pleaded that he was committed to follow thed apex courts direction and sought its permission for shifting the detenues to court complex for three weeks to enable them to hold negotiations.

The apex court had earlier refused to release Roy on interim bail or parole but had allowed selling of his luxury hotels in New York and London to raise money to deposit R10,000 crore with the Sebi as directed to get the regular bail.