The Supreme Court today refused to extend the parole granted to Sahara chief Subrata Roy and directed that he be taken into custody.
Subrata Roy Sahara’s case in the Supreme Court took a new turn today as the apex court refused to extend the parole granted to Sahara chief Subrata Roy and directed officials concerned to take him back into custody. The SC gave this order while hearing the Securities and Exchange Board of India’s (SEBI) application to appoint a receiver for attaching the properties of paroled Sahara chief Subrata Roy. The apex court had on September 16 extended Roy’s parole till today.
Subrata Roy offered an unconditional apology before the Supreme Court seeking the recall of its order cancelling his parole and directing him to be taken into custody. Appearing for Roy, senior counsel Kapil Sibal told the bench headed by Chief Justice of India T.S. Thakur: “I apologise, offer unconditional apology, it will never happen again, I assure you….”
As Sibal offered the apology, CJI Thakur said: “We don’t enjoy such things but there has to be a limit.” Justice Thakur said he will consult Justice Anil R. Dave and Justice A.K. Sikri and take a call on Roy’s application.
Sahara chief has been out on parole since May after serving a two-year term in Delhi’s Tihar Jail, to hold his mother’s last rites who passed away after a prolonged illness. In one of the last hearings, their 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.
The decision to cancel the parole came today as the apex court was miffed over the submission of wrong statements on property status by the Sahara group. The apex court has sent the Sahara chief into judicial custody till October 3.
Along with Sahara, two Sahara directors were also sent to jail. During the hearing, SEBI said it that cannot sell Sahara properties as most of the property listed by the company for auction was already attached by the Income tax department. Appearing for Sahara, senior counsel Rajeev Dhavan had demanded a hearing on September 30 as the company couldn’t arrange Rs 300 crore for extension of the interim bail.
(with ANI/IANS inputs)