Wednesday, 3 August 2016

Supreme Court asks Sahara chief to deposit Rs300 crore -The Total Investment & Insurance Solutions

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3rd Aug 2016

The Supreme Court on Wednesday asked Sahara chief Subrata Roy to deposit another Rs300 crore to continue to stay on parole. The Total Investment & Insurance Solutions

The court rejected Roy's plea to be permitted to sell Sahara's property to raise money to return investors' deposits collected in 2008 and 2009 through OFCDs (Optionally Fully Convertible Debentures). The Total Investment & Insurance Solutions

The bench, headed by Chief Justice T.S. Thakur, gave the Sahara chief time till September 15 to deposit the money, orally observing that failing this he will be back in Tihar Jail here.


The next date of hearing has been fixed for September 16.The Total Investment & Insurance Solutions

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