News: Subrata Roy arrested, sent to UP police custody

C-Suite

Subrata Roy arrested, sent to UP police custody

Sahara supremo Subrata Roy was arrested on Saturday and will be in Uttar Pradesh police’s custody till March 4. Meanwhile, the Supreme Court declined to hear a plea to recall the non-bailable warrant issued against Roy for failing to appear before the court in a case related to non-refund of crores of rupees to its investors. On Friday, Roy surrendered in Lucknow after issuing a two-page note declaring that he was not absconding and was ready to “unconditionally follow” the court’s direction.

Sahara supremo Subrata Roy was arrested on Saturday and will be in Uttar Pradesh police’s custody till March 4. Meanwhile, the Supreme Court declined to hear a plea to recall the non-bailable warrant issued against Roy for failing to appear before the court in a case related to non-refund of crores of rupees to its investors. On Friday, Roy surrendered in Lucknow after issuing a two-page note declaring that he was not absconding and was ready to “unconditionally follow” the court’s direction.

Read the Hindu Business Line news report here.

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Topics: C-Suite, #Current, #Corporate

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