Supreme Court on Friday extended the parole of Sahara chief Subrata Roy till September 23, granted to him in May on humanitarian grounds after his mother passed away. The parole continued later to enable him arrange money to refund his investors. The decision to extend the relief was taken by a bench headed by Chief Justice TS Thakur in-chamber as his parole was to end on Friday.
The regular special bench of CJI and Justices AR Dave and AK Sikri was not available. Sahara’s lawyer Keshav Mohan said that a draft of Rs 353 crore has been deposited in the SEBI-Sahara account. The bench extended the relief to 68-year-old Roy till September 23, the next date of hearing.
The SC on September 2 had asked the co to come clean by disclosing its sources from where it had raised Rs 25,000 crore and paid its investors in cash, observing that it is ‘difficult to digest’ as such a huge amount ‘cannot fall from the heavens’. It had earlier extended Roy’s parole on August 3 till today with a condition that he has to deposit to Rs 300 crore with SEBI.