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Home» Economy» Market» Sahara to sc will deposit rs 3 000 crore in 3 days

Sahara to SC: Will deposit Rs.3,000 crore in 3 days

IANS | April 21, 2014, 04:44 PM IST
sahara to sc will deposit rs 3 000 crore in 3 days

New Delhi :

In yet another proposal, Sahara group chief Subrata Roy Monday told the Supreme Court that Rs.3,000 crore would be deposited within three working days of his release from jail and another Rs.2,000 crore by May 30.

Roy's counsel Rajiv Dhawan told the court that the bank guarantee of the balance amount of Rs.5,000 crore will be submitted by June 30.

While making a fresh offer, Roy also sought lifting of the freeze on some of the bank accounts of SIRECL and SHICL as well as on some properties.

Sahara said if the court accepted his proposal today and orders his release, Rs.3,000 crore would be paid by April 25.

An apex court bench headed by Justice K.S. Radhakrishnan March 26 had asked Roy to deposit Rs.10,000 crore - Rs.5,000 in cash and Rs.5,000 in bank guarantees as part payment of the investors money to secure his release and that of two other directors from judicial custody.

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