New Delhi, Sept 23: The Supreme Court on Friday sent Sahara Chief Subrata Roy back to the Tihar jail in Delhi. The court also sent back two directors of Sahara back to jail along with Roy. Roy who is out on parole will now be taken back to the Tihar jail along with his two directors.
The Supreme Court was miffed when it found out that the Sahara group had furnished wrong statements on the property status. The Bench was upset when it was informed by SEBI that the statements was wrong.
While making submissions, counsel for SEBI informed the court that most of the properties mentioned in the list for auction had already been attached by the Income Tax Department. SEBI said that since these properties were attached it could not sell them.
It is better you go back to jail, the Supreme Court observed after hearing the counsel for SEBI. Sahara's counsel sought before the Bench that a hearing be fixed on September 30.
The court asked the counsel to tell Sahara to deposit Rs 300 crore. However, the counsel while seeking another hearing on September 30 told the Bench that it could not deposit the money.
While cancelling the interim arrangement, the SC observed that it was better he went back to jail. The court said, "You provide a list of properties which are already attached by the IT department. You do not cooperate and hence it is better you are back in jail," the court said while cancelling the interim arrangement of parole.