Subrata‘s detention Constitutional says Supreme Court
posted on May 6, 2014 @ 5:01PM
A Bench of Justices K.S. Radhakrishnan and J.S. Khehar dismissed a petition filed by Mr. Roy questioning the constitutional validity of the detention order saying that there is no violation of Constitutional principles. The Sahara honcho has been in Tihar Jail since March 4th and looks like the tough life in jail is proving too much for him to handle.
Mr. Roy and two other directors would continue to remain in prison and the judiciary have asked him to submit a fresh proposal towards submission of cash deposit of Rs. 5,000 crores to the depositors and bank guarantee for another Rs. 5,000 crores to SEBI and only then can he be released.
Meanwhile the Sahara employees are facing a tough time and their salaries are not being credited on time.There was a time when the Company had asked the employees to donate money to secure his release which didn't go too well with them either.Meanwhile Mr Roy and two other directors continue to stay in prison.