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Sahara chief Subrata Roy to remain in jail even as SC lifts freeze on assets

<p>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 to investors</p>

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New Delhi: 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 to investors.

The apex court March 26, 2014 had said Sahara Group will deposit Rs.10,000 crore as part payment of investors' Rs.24,000 crore that its two companies - Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited (SHICL) - had collected through Optionally Fully Convertible Debentures (OFCD) as a condition for the release of Roy and two other directors currently in judicial custody since March 4.

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