SC grants conditional bail to Sahara chief Subrata Roy

The apex court has set a condition of depositing Rs 10,000 crore in cash.

The Supreme Court today granted conditional bail to Sahara Group chief Subrata Roy.

The apex court has set a condition of depositing Rs 10,000 crore in cash in the form of a bank guarantee of Rs 5000 crore and the balance has to be paid to market regulator Sebi. SC has agreed to defreeze bank accounts of Sahara companies to raise this amount.

SC has adjourned the case for tomorrow asking the group to give details of the bank account numbers which are to be defreezed.

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