The Supreme Court on Wednesday allowed Sahara chief Subrata Roy, in jail for the last five months, to use conference room in the Tihar jail complex for negotiations with potential buyers of his overseas properties and raise Rs. 10,000 crore to get regular bail.
A bench, headed by justice TS Thakur, also asked Roy, 65, to provide details of the gadgets he would require to get in touch with overseas buyers for his luxury hotels in New York and London. It fixed August 1 to hear the matter further after Roy gives the details.
Responding to Roy’s plea, asking the court to allow him to move out of the barracks to a room where he can hold talks, the Delhi government suggested the Sahara chief could hold consultations either in the conference room or the guest house within the jail complex. However, it said people would be allowed to come inside jail only between 6 am to 8 pm and internet connection would be provided by it.
SC had on July 25 asked the Delhi government to explore a venue within Tihar jail complex where Roy could hold negotiations. Roy had pleaded that he was committed to follow the SC direction and sought its permission to move him to a separate room for a week to enable him finalise the deals.
Roy, sent to jail on March 4 this year for non-refund of over Rs. 20,000 crore to depositors, was asked by the court to pay Rs. 10,000 crore to get bail out of which Rs. 5,000 crore in cash and rest of the amount in bank guarantee.