Subrata Roy gets relief in fraud case

By IANS
Tuesday, February 8, 2011

NEW DELHI - The Delhi High Court Tuesday stayed the proceedings against Sahara India group’s chairman Subrata Roy and four other officials in a Delhi court on a complaint that they duped investors in a proposed housing project.

Justice Ajit Bharihoke said: “The proceedings and the execution of the warrants against Roy and four other company officials would remain stayed till May 10, the next date of hearing.”

A Delhi court last month issued a bailable warrant against Roy and the four officials on a complaint that they duped investors in the project of Rs.25,000 crore, holding that there was enough prima facie material to proceed against them.

A statement issued by the Sahara India group, however, said the “entire complaint is based on false and frivolous allegations”.

Filed under: Accidents and Disasters

Tags:
YOUR VIEW POINT
NAME : (REQUIRED)
MAIL : (REQUIRED)
will not be displayed
WEBSITE : (OPTIONAL)
YOUR
COMMENT :