Sahara raises funds to release Subrata Roy

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New Delhi: The Sahara group on Thursady said that they are working on another deal to raise funds to secure the release of their chief Subrata Roy from Tihar jail. The statement on behalf of the Sahara group came after the Supreme Court informed that the proposed transactions for a loan of around US dollar 1,050 million from abroad for raising Rs 10,000 crore to ensure the release of Sahara Group chief Subrata Roy from jail had failed.

The issue was brought under the notice of a bench headed by Justice T S Thakur by senior advocate Shekhar Naphade, who is assisting the court as an amicus curiae in the matter.