New Delhi: The Supreme Court extended Sahara chief Subrata Roy’s parole until October 24 on Wednesday, less than a week after it cancelled it over some remarks made by an advocate representing Roy. Court asked him to deposit Rs 200 crore to Securities and Exchange Board of India (SEBI) within that period. The court also asked Roy’s lawyer to give a roadmap on how will they pay approx Rs 12,000 crore to SEBI.
After spending over two years in jail, Subrata Roy has been out since May when his mother passed away.
Later the court kept extending his parole on the condition of depositing Rs 500 crore with Sebi for refunding investors by August first week. Earlier, the apex court had agreed to hear on October 3 a fresh plea of Roy and others with regard to grant of bail.