SC cancels Subrata Roy's parole

The Supreme Court on Friday cancelled Sahara chief Subrata Roy's parole and ordered that he be sent back to jail. Roy was out on parole, granted to him in May on humanitarian grounds after his mother passed away.

Sahara chief's lawyer sought an extension of the parole granted to Mr Roy which the top court refused.The apex court on September 2 had asked the Sahara Group to come clean by disclosing its



sources from where it had raised Rs 25,000 crore and paid its investors in cash, observing that it is "difficult to digest" as such a huge amount "cannot fall from the heavens."

Roy spent two years in Tihar jail since March 4, 2014 on the orders of the apex court in relation to a long running dispute with market regulator SEBI.