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Sahara Deposits Rs 352 Cr to SEBI to Extend Subrata Roy’s Bail

The SC had also asked the company to reveal the source of money which it claims to have refunded to investors.

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  • Sahara India reportedly deposited Rs 352 crore with the Securities and Exchange Board of India (SEBI), as promised to the Supreme Court.

  • The amount had been promised earlier to continue the interim bail for Chairman Subrata Roy and two others.

  • The Supreme Court had also asked the company to reveal the source of money, which it claims to have refunded to investors.

(With inputs from agencies)

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

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Topics:  Subrata Roy   Supreme Court   SEBI 

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