New Delhi: Sahara chief Subrata Roy, currently in jail on charges of investor fraud, wants to shift into a guest house in Tihar Jail. He has moved the Supreme Court for the same saying he needs to hold negotiations to sell his assets in India and abroad to meet his bail conditions.
The application in this regard was mentioned before a bench headed by Justice TS Thakur which asked the apex court Registry to list the matter before the special bench hearing the matter. The bench said it will look into the application and seek the response of jail authorities when it will come for hearing.
The application filed through advocate Keshav Mohan said Saharas' are preferring the place within the jail compound keeping in view the safety and security of persons likely to visit its chief for buying the properties, both in India and abroad. It said that prospective buyers want Roy himself to be present during all negotiations and Saharas sought that he be permanently shifted to Tihar guest house which is without typical jail environment and restrictions and buyers can be directly brought there without any hindrance.
Saharas have also sought lifting of restriction of six hours a day granted to Roy and two other jailed directors for negotiations. Roy along with two senior Sahara officials - Ashok Roy Chaudhary and Ravi Shankar Dubey are presently lodged in Tihar Jail.
The Supreme Court said that he could only be allowed to meet buyers in police custody.
Roy, who was sent to jail on March 4 this year for non- refund of over Rs 20,000 crore to depositors, was asked by the court to pay Rs 10,000 crore to get bail, out of which Rs 5,000 crore in cash and rest of the amount in bank guarantee. Sahara has so far raised Rs 3,117 crore which has been deposited with the market regulator. The group, however, has been claiming that it has already repaid money to 93 per cent investors.
(With additional information from PTI)
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