Supreme Court to resume Subrata Roy hearing on Wednesday
NEW DELHI (Reuters) - The Supreme Court will resume hearing on Wednesday a petition filed by the head of the Sahara group seeking his release from custody.
Sahara Chairman Subrata Roy, 65, was arrested on February 28 after failing to appear at a contempt hearing in a long-running legal battle between the group and Securities and Exchange Board of India (SEBI) over refund of billions of dollars to investors in outlawed bonds.
He has been held in a Delhi jail since March 4.
(Also read, Investors fear for their deposits after Sahara chief's arrest click here)
(Reporting by Suchitra Mohanty; Writing by Devidutta Tripathy; editing by Malini Menon)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Prime Minister Narendra Modi has taken direct control of a project-monitoring body to fast-track investments worth almost $300 billion and revive manufacturing in the country, two officials with direct knowledge of the matter told Reuters. Full Article