Supreme Court of India on 1 August 2014 allowed Sahara Chief Subrata Roy to use the conference room of Tihar jail to negotiate the sale his offshore and domestic properties with prospective buyers. The negotiations include three luxury hotels in New York and London
Roy can use the room for 10 days from 5 August 2015 between 6 am to 8 pm and these negotiations will allow him to raise 10000 crore rupees (100 billion rupees) of bond money for his interim bail.
The permission was granted by three-judge Bench of Supreme Court that was headed by Justice TS Thakur and comprised of Justice Anil Dave and Justice AK Sikri.
The bench also directed Delhi Government (the Home Secretary) to issue notification by 4 August 2014 for conversion of conference room into jail for so that Roy along with his two jailed directors of Sahara can use it for holding negotiations with prospective buyers. However, the Sahara groups have to pay for the use of video-conferencing equipment, wi-fi connection and telephones with STD/ISD facilities available in the conference room. They can also use mobile phone and laptops that after these gadgets goes through a security check.
The bench has also allowed that during the hours of negotiations, Roy can avail the service of three staff that includes two secretarial and one technical person. However, it also gave a clear direction that these staffs would not be allowed to stay overnight.
Earlier the apex court on 25 July 2014 asked Delhi government to explore a venue with the Tihar jail complex so that Roy can hold negotiations with probable buyers.
Sahara Chief Subrata Roy, 65, has been in Tihar jail for almost five months in the case of investor fund. Earlier, Roy pleaded to the court for shifting the guest house of Tihar for a week so he can negotiate to sell off his properties within Indian and outside.
When: on 1 August 2014