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Supreme Court to resume Subrata Roy hearing on Wednesday
March 25, 2014 / 11:33 AM / 4 years ago

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.

The Sahara group chairman Subrata Roy (C) arrives at the Supreme Court in New Delhi March 4, 2014. REUTERS/Anindito Mukherjee/Files

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

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