28 February 2014

Sahara chief Subrata Roy arrested in Lucknow

Sahara Chief Subrata Roy was arrested in Lucknow on Friday, after evading for two days a non-bailable warrant issued by the Supreme Court for his failure to appear before it in a case of non-refund of Rs 20,000 crore to investors.
Capping a day of dramatic developments, 65-year-old Roy surrendered before police this morning after calling them to Sahara Shaher.
Appearing for Roy in the Supreme Court, Ram Jethmalani told a bench headed by Justice K S Radhakrishnan that 65-year-old Roy is in police custody.
Jethmalani also pleaded to the court for recalling of NBW issued by it on February 26. He submitted that the special bench, comprising Justices Radhakrishnan and J S Khehar, which heard the case be assembled today to hear his application.
Justice Radhakrishnan, who sat with Justice Vikramajit Sen, however, said that it is not possible for the special bench to assemble today.
Subrata’s son Seemanto Roy said his father has willfully submitted himself before Lucknow police and he is cooperating with all authorities.
Earlier in the morning, Subrata Roy said he is not absconding from arrest and is ready to “unconditionally follow” whatever direction the Supreme Court gives him today.

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