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
- British Muslims urge cooperation in Foley murder hunt
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Insight - As Ukraine forces gain in east, focus of German diplomacy shifts
- US STOCKS-Wall St to open up after jobless claims data; Jackson Hole ahead
- Landslides hit Japan's Hiroshima, killing at least 36 |
Government officials painted an upbeat picture for the economy on Thursday as it struggles to emerge from the longest spell of sub-par growth in decades and promised to tighten up risk management at the country's dominant state banks. Full Article