News Supreme Court allows Sahara to raise loan for Roy's bail

[Deepu]

India's top court has cleared the way for embattled conglomerate Sahara to raise fresh loans totalling $1.05 billion using its overseas hotels, helping the group to fund the bail payment needed to release its jailed boss.

The Supreme Court has set conditions on the fund raising, however, and on Friday asked Sahara to obtain necessary approvals from the Indian central bank and other authorities to comply with foreign exchange rules.

Ruling on Sahara's plea, the court also permitted the group's chairman Subrata Roy to use a makeshift office inside the jail premises, with facilities such as phones and computers, from January 12 to February 20.

Supreme Court allows Sahara to raise loan for Roy's bail - Rediff.com Business

 

[DashMajor]

Rules and regulations are real strict for Shubroto Roy hope it could for other culprits too.

 

[IndianMascot]

Hope the raised fund are given to investors who are waiting for their money

 

[DashMajor]

There is a report that atleast 50% investors didn't contact Court for their funds back which arise 2 questions - Either Sahara's claims are right or those investors are fake.

 

[DashMajor]

Another thing is suspicious that Sahara not able to pay SEBI's desired amount despite of having so much on record property. And if Sahara not interested to give money back then why SC is not initiating and selling property ?

 

[Sanjeev]

Another thing is suspicious that Sahara not able to pay SEBI's desired amount despite of having so much on record property. And if Sahara not interested to give money back then why SC is not initiating and selling property ?

I think Subroto Roy is enjoying jail services so that's why he is not bothered about bail

 

[DashMajor]

I think Subroto Roy is enjoying jail services so that's why he is not bothered about bail

Normally culprits do get bail look at the case of Sanju baba as he's enjoying his life without shame. Also Lalu and Amma

 

[IndianMascot]

I think Subroto Roy is enjoying jail services so that's why he is not bothered about bail

And of court allowed sex he may produce more subroto to loot the country