August 26, 2016 5:11 PM

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Ready to pay Rs 300 crore to Sebi: Sahara chief Subrata Roy tells SC

Sahara chief Subrata Roy today offered in Supreme Court to pay an additional 300 crore rupees to Security and Exchange Board of India (SEBI) but said the amount should be adjusted as bank guarantee.<br/><br/>A bench headed by Chief Justice T S Thakur directed that the matter be listed next week after senior advocate Kapil Sibal, appearing for Roy, mentioned the matter before it.<br/><br/>On August 3, the Supreme Court had extended the parole of Roy till September 16 with a condition that he has to deposit 300 crore rupees with SEBI.<br/><br/>Roy's parole, granted on humanitarian grounds following the death of his mother, was extended after he had deposited 300.68 crores rupees, giving him the opportunity to raise the remaining amount to secure bail in the case.<br/><br/>The apex court had allowed the Sahara group to go ahead with sale and alienation of their properties to raise an amount of 5,000 crore rupees as a bank guarantee which they have to deposit in addition to 5,000 crore rupees to get bail for Roy.

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