Zee Media Bureau
New Delhi: Jailed Sahara chief Subrata Roy who moved to a swanky conference room in Tihar prison on August 05 has sought an extension of 15 working-days to hold negotiations on property sale, as per news reports on Wednesday.
Sahara group has filed a fresh plea in the Supreme Court saying that the group needs more time than that was allotted. The SC is likely to hear the appeal tomorrow.
Roy was being offered the facility for 10 days starting August 05, following a Supreme Court order so that he could hold negotiations for sale of his luxury hotels in New York and London.
Facilities like video conferencing, Internet and phone were provided so that he could negotiate with potential bidders for sale of his hotels abroad to raise Rs 10,000 crore for bail.
Roy has been lodged in Tihar Jail since March 4 this year. He was arrested over his group's failure to pay back thousands of investors who were sold bonds of over Rs 20,000 crore.
The court had asked Sahara to deposit Rs 10,000 crore initially to secure the release of Roy on bail.
Sahara, the largest private sector employer in the country, had said it does not have the money it has been ordered to pay to secure bail for its chief and requested the court to allow the negotiations to sell their properties to generate the amount.
Initially, Roy was allowed to meet visitors only twice a week and llowed phone calls from the jail's telephone booth. His family members and company's senior officers were among his regular visitors.
With PTI Inputs
