Sahara chief to remain in jail even as SC lifts freeze on assets
Sahara group chief Subrata Roy will remain in jail even as the Supreme Court Wednesday lifted the freeze on the group’s moveable and immovable assets so it could raise Rs.10,000 crore for part repayment of investors money collected by two group companies.
A bench of Justice T.S. Thakur and Justice A.K. Sikri however said the money so generated will be deposited in an account opened by market regulator Securities and Exchange Board of India (SEBI).