The Sahara group chairman Subrata Roy (C) arrives at the Supreme Court in New Delhi March 4, 2014. REUTERS/Anindito Mukherjee
NEW DELHI (Reuters) - India's Supreme Court on Thursday rejected a petition by the head of the unlisted Sahara conglomerate to be released from custody and said the matter would next be heard on March 25.
Sahara Chairman Subrata Roy, 65, was arrested on February 28 after failing to appear at a contempt hearing in the long-running legal battle between the unlisted group and the Indian securities regulator over repayment of billions of dollars to investors in outlawed bonds.
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