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SC warns Sahara's Subrata Roy: Pay Rs 1,500 cr by June 15, or go to jail

Apex court warns Roy he will be sent back to Tihar if cheque is dishonoured

Subrata Roy Sahara
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Sahara Supremeo Subrata Roy Sahara appear at Supreme Court in New Delhi on Thursday. Photo: Dalip Kumar

BS Web Team New Delhi
Sahara chief Subrata Roy today said in Supreme Court that he would pay Rs 1,500 crore in the SEBI-Sahara account on or before June 15, 2017. However, the apex court warned Roy of dire consequences if the cheque was dishonoured.

While hearing a case involving embattled Sahara conglomerate chief Subrata Roy and the Securities and Exchange Board of India (Sebi) over a dispute about returning money to its investors, the court warned Roy he would be sent to Tihar jail in case the cheque was not honoured.

Roy furnished a post-dated cheque of Rs 552 crore to be