Monday, June 21, 2021
HomeNationSahara Chief has to conduct asset sale talks from jail: Court

Sahara Chief has to conduct asset sale talks from jail: Court

The Supreme Court on Friday said Sahara chief Subrata Roy has to negotiate asset sale with foreign clients within Tihar Jail’s premises, adding that they don’t want to provide any “comfort” to him.

Mr. Roy had pleaded with the top court to allow him to use an outhouse with the jail premises to negotiate with foreign buyers. He also asked for three secretaries for assistance, a computer with a wi-fi connection and video conferencing facilities.

“There is a guest house inside the jail complex but it is in residential area, not notified as a jail. It can be notified by LG (Lieutenant General),” a Tihar Jail officer told court.

The top court has asked the jail authorities to come up with suggestions as to where Mr. Roy can negotiate asset sale deals within the Tihar Jail premises. The next hearing has been posted for Wednesday.

Mr. Roy has been in a jail since March 4 after failing to appear at a contempt hearing in his group’s legal battle with the Securities and Exchange Board of India or Sebi over the company’s failure to repay investors who bought bonds, later ruled illegal.

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