Submit :
News                      Photos                     Just In                     Debate Topic                     Latest News                    Articles                    Local News                    Blog Posts                     Pictures                    Reviews                    Recipes                    
Subrata Roy sent to Tihar jail till March 11; SC asks Sahara to come out with a concrete proposal to refund Rs 20,000 cr
The Supreme Court has rapped Sahara chief, Subrata Roy for not abiding by the law and taking contradictory stand on payment of investors' money worth Rs 20,000 cr. According to the latest reports coming in, the Supreme Court has sent Roy to the judicial custody till March 11.

The apex court has said that in between if Sahara comes out with a concrete proposal on how it would refund investors money, then it could also hear his case before March 11.

Media reports say that Roy got emotional in the apex court and with folded hands he tendered an unconditional apology to the Supreme Court. But the SC discouraged him saying, "We respected you, but you failed to respect us", as reported by various media.

Roy then appealed to the SC to consider the future of 12 lakh employees of Sahara Group, and also claimed that he never had a blot on him in his 37-year-long career.

Roy's lawyer Ram Jethmalani assured the SC that his client will refund the money in two months time. Then Roy proposed that Sahara will sell its assets to repay the amount to the investors. But the court snubbed him saying, "We are not interested in selling the properties, you have been telling us for the last 2 years, it is your headache, you should have done it," reported IBN Live.

While seeking more time to refund the money to the investors, he assured the SC that he will abide with the SC's orders this time, and said, "I have faith in you. Punish me if I don't comply with your order."

Meanwhile some chaotic scenes were also witnessed when Roy was brought to the court. A man in his mid 30s from Gwalior threw black ink on his face calling him (Roy) a 'theif'. The ink attacker was identified as Manoj Sharma who was a lawyer from Gwalior.

According to Times Now, Manoj Sharma is also the same man who in April 2011 tried to hit Suresh Kalmadi with a slipper.

The Uttar Pradesh security personal, in whose custody Roy had been since Friday, presented him before a bench of Justices K S Radhakrishnan and J S Khehar at 2 pm. The security personnel even ordered temporary closure of one of the two entry gates of the court at around 1 pm, to ensure smooth entry of Roy.

Agree :
28.57 %
Disagree :
71.43 %
Email Id
Verification Code
Email me on reply to my comment
Email me when other CJs comment on this article
Sign in to set your preference
merinews for RTI activists

Not finding what you are looking for? Search here.