Sahara group moves the Supreme Court pointing to the "illegal" detention of its chief Subrata Roy
New Delhi: Sahara group on Wednesday moved the Supreme Court pointing to the "illegal" detention of its chief Subrata Roy in a matter involving returning investors' balance of Rs 19,000 crore that its two companies SIRECL and SHICL had collected through Optionally Fully Convertible Debentures (OFCD).
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Sahara group chief Subrata Roy being questioned by media personnel outside court premises in Uttar Pradesh. Pic: AFP
The apex court bench headed by Chief Justice P. Sathasivam said that it will hear the matter at 2 pm on Wednesday after the same was mentioned by senior counsel Ram Jethmalani.
Subrata Roy was sent to judicial custody on March 4 by the apex court bench of Justice KS Radhakrishnan and Justice JS Kehar for his failure to place before the court an acceptable proposal for securing the investors money.
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