The Indian Supreme Court has ordered his arrest following his failure to appear before it in a contempt case after two of his companies failed to refund Rs 20,000 crore to investors.
“We issue non-bailable warrants of arrest qua Subrata Roy Sahara, alleged contemnor. He shall be arrested and produced before this Court on March 04, 2014 at 2pm,” a bench comprising justices KS Radhakriahnan and JS Khehar said on Wednesday, Indian TV channel NDTV reported.
It rejected Roy’s plea to exempt him from personal appearance because of his his 92-year-old mother’s failing health.
“The arms of this court are very long. Yesterday only we had refused your plea for exemption from personal appearance.
“We will issue the non bailable warrant. This is the Supreme Court of the land,” the bench observed when senior advocate Rama Jethmalani sought to explain the reasons for his non-appearance.
In 2012, Subrata Roy, Chairman of the Indian business conglomerate, visited Bangladesh and had struck a deal with the government to invest in building modern housing estates for people belonging to the low-income group.
During his visit, he had said that Sahara India Pariwar was going to invest $100 to $125 million in its first project in Bangladesh.
Roy, with his roots in Bikrampur near Dhaka, had also hinted that his company could become the sponsor of the Bangladesh cricket team.
Later in June that year, Bangladesh Cricket Board decided to award Sahara with the sponsorship rights of the Tigers.
Source: Bd news24
