Roy, who set up a multi-million dollar business conglomerate, was sent to jail on March 4, 2014 for failing to pay a sum of Rs 10,000 crore as ordered by the court. The court then said that Roy will not be released from jail until he was able to raise half the amount in cash and the other half in the form of bank securities.
However, on account of Roy’s mother’s demise in May last year, the apex court permitted his release on parole. The interim arrangement has continued since then subject to Sahara’a payment of the court-directed amount.
News Source- BloombergQuint