26 February 2014

Supreme Court orders arrest of Sahara boss Subrata Roy

In more trouble for Sahara chief Subrata Roy, the Supreme Court on Wednesday ordered his arrest following his failure to appear before it in a contempt case arising out of non refund of Rs 20,000 crore to investors by two of his companies. 

A bench comprising justices KS Radhakriahnan and JS Khehar has issued non-bailable warrants of arrest qua Subrata Roy Sahara, alleged contemnor. He shall be arrested and produced before this Court on March 04, 2014 at 2pm.

It rejected Roy's plea to exempt him from personal appearance on the ground of ill-health of his 92-year-old mother who is said to be on death bed. 

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