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SC allows Subrata to shift to conference hall in Tihar

| | Aug 02, 2014, at 01:19 am
New Delhi, Aug 1 (IBNS): In a slight relief for Sahara Group's chief Subrata Roy, the Supreme Court on Friday allowed him and two other directors of the firm to shift from the barracks of Tihar jail to a conference hall in the prison's vicinity.
The group has been provided 10 working days from August 5 to negotiate sale of off-shore property from conference room in Tihar Jail.
 
"Today, we are extremely thankful to our Hon’ble Judges who have opened the path after 5 months for Saharasree to reintroduce him and his presence in the work sphere. He never could get a chance to talk to anybody. Here in the jail, Subrata Roy Sahara used to get only 35 minutes and additional few calls at times in a week," the group's advocate Gautam Awasthi said.
 
"So, on 22nd July, 2014, we got the permission for mortgage and sale of overseas assets and today on 1st August, 2014, we are going to get the support of all kinds of communications round the clock with office staff and technical support," he said.
 
He said immediately after lifting of embargo on Bank account etc. things have started improving from beginning of June and consequently a substantial part of the cash payment of Rs.5000 crores could be deposited.
 
Roy is in Tihar Jail after his arrest for allegedly defrauding investors of over Rs 200 billion.
 
#SC allows Subrata Roy to shift to conference hall in Tihar

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