New Delhi: The Supreme Court on Monday ordered attachment of Aamby Valley properties worth rs 39,000 crores near Lonavala in the Sahara refund case and asked Sahara group to furnish a list of properties that were free from litigation and mortgage so that it can be put into public auction.
Sahara admitted before the top court that it still had to pay Rs 14,000 crore as principal money to SEBI and that it had already paid Rs 11,000 crore.
Subrato Roy's parole was earlier extended till November 28 taking note of the deposit of Rs 200 crores made by him with SEBI in October, as a condition precedent for his release. The apex court had then granted four weeks' custody parole to Roy to perform his mother's last rites.
Roy was in Tihar jail since March 4, 2014, till his mother's death in May 6, 2016, for not complying with the apex court's orders in connection with a long dispute with the market regulator.
SEBI had alleged that Roy failed to comply with the 2012 SC order directing him to return investors more than Rs 20,000 crore with 15 percent interest that his two companies Sahara India Real Estate Corp Ltd and the Sahara Housing Finance Corp Ltd had raised through optionally fully convertible debentures (OFCD) in 2007 and 2008.
Sahara, once among India's high-profile firms, has in the past made several failed attempts to raise the bail money using its prized overseas hotels that include the Plaza in New York and Grosvenor House in London.
