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No Sahara for Subrata or his Staff
Updated : Apr 4, 2014
Sahara India chief Subrata Roy’s will continue to stay in Tihar prison as the Company is unable to cough up the Bail amount of 10, 000 crores as per the Supreme Court Direction . The direction to deposit `10,000 crore for his release was only an effort to enforce compliance of its order to refund `20,000 crore to investors and not a bail bond. This resulted in the Sahara employees trying to gather funds by appealing to one another to gather money to bail their Chief out who has been languishing in jail since March 4th .This wasn’t quite successful and the latest news is that the 1.13 million Sahara employees salaries for the Month of March will be delayed due to the freezing of the bank accounts and assets of the company.
Known for his flamboyant parties and event which he hosted regularly for film actors like Sharukh Khan and the influential honchos in the political field has been left stranded alone with no one coming forward to his help.Look like nobody wants to touch him with a barge pole and the 65 year old Sahara chief might encounter another rough patch with regards to his company’s stability.