SC asks Sahara group to furnish details of all properties, Subrata Roy seeks parole

A three-judge bench headed by Chief Justice T S Thakur, however, refused to grant parole to Sahara chief Subrata Roy, who is in jail since March 4, 2014, saying that so far its orders have not been complied with "substantially".

By: Express News Service | New Delhi | Updated: April 28, 2016 2:13 am
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The Supreme Court Wednesday directed the Sahara group to furnish details of all its properties in a sealed cover to ascertain whether the group could repay the entire amount to the investors.

“We should know about the total assets of the Sahara group. What exactly is the extent of properties, we must know. Currently, 66 properties of the group are scheduled to go on sale which will generate around Rs 6,000 crore. This might be enough for securing Roy’s bail but not to refund the entire money to investors. We want the rest of the properties to be brought into focus so you give us a list of properties,” a bench led by Chief Justice T S Thakur said. The bench, however, refused to grant parole to Sahara chief Subrata Roy, saying so far its orders have not been complied with substantially.

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Meanwhile, senior advocate Arvind P Datar, appearing for Sebi, informed the court that it has engaged services of SBI Capital Markets and HDFC Realty to sell properties of the Sahara Group. Selling process of 66 properties will be completed in four months, he added. The matter is listed for hearing next on May 11.

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  1. S
    SIML
    Apr 27, 2016 at 4:49 pm
    Others looters must also get such treatment including Nehru Ghandi family and their scores of their chamchas.
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    1. A
      Anand.Sarma
      Apr 27, 2016 at 4:50 pm
      Is SC the financial authority to ask for list of properties or should it ask the financial authority to submit a report on the properties. MAY BE IT TAKUR WANT SOME PROPERTIES!
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      1. S
        sahil
        Apr 28, 2016 at 7:40 am
        Sahara has not deposited TDS of their employees for last two years. Employees are not aware of future course of action.
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        1. A
          avi
          Apr 27, 2016 at 10:20 pm
          How thick skinned and shameless this man is ? After spending so much time in Tihar Jail still won't pay back the money owed to the long suffering investors? Supreme Court should let him rot in jail, rather than give him parole without receiving a penny for the investors. The summer that he dreads in jail hopefully roasts this crook .
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          1. D
            Deepak
            Apr 27, 2016 at 9:42 pm
            I also wish so but it is not likely to happen.
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