September 29, 2026 12:42 pm (IST)
Follow us:
Sahara agrees to pay $1.6 billion bail to get Subrata Roy released from jail
New Delhi, May 8 (IBNS): The Sahara Group has agreed to pay the full $1.6 billion in bail to release its chief Subrata Roy from jail, media reports said.
Sahara is likely to pay the amount it still owes by next week.
The Sahara chief has been in jail for more than a year for failing to refund billions of dollars to investors in a bond programme.
His company has made several failed attempts to raise the money to free him on bail.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Omar Abdullah’s statehood push blocked? J&K bureaucrats write to Speaker; CM hits back
Mon, Sep 28 2026
‘Whatever is happening in India won’t ever stop’: Disha Patani's sister Khushboo Patani urges women to use air pistol for self-defence
Mon, Sep 28 2026
Vijay's TVK makes Bengal entry: First party office opens in Purba Bardhaman amid state's political shake-up
Mon, Sep 28 2026