Pay Rs 10,000 crore to get interim bail: SC to Subrata Roy

Sahara group will have to pay Rs 10,000 crore to get interim bail for its Chief Subrata Roy and firm's two directors, who are behind the bars since March four, the Supreme Court today ordered.
A bench of justices K S Radhakrishnan and J S Khehar said that interim bail will be granted only after the company fulfils the condition while the court agreed to defreeze the firms' bank accounts to raise the money.
"We are inclined to grant interim bail to the contemnors (Roy and two Directors) who are detained by virtue of our order dated March 4 on the condition that they would pay the amount of Rs.10,000 crores--out of which Rs.5,000 crores to be deposited before this court and for the balance a guarantee of a nationalized bank be furnished in favour of SEBI to be deposited before this Court.

"On compliance, the contemnors be released forthwith and the amount deposited be released to SEBI," the bench said.
Along with the Group's other two Directors Ravi Shankar Dubey and Ashok Roy Choudhary, 65-year-old Roy has been in judicial custody since March 4 for not abiding by the apex court's order for depositing Rs 20,000 crore of investors money with SEBI.