Jailed Indian tycoon gets office to negotiate hotel sales


  • World
  • Friday, 01 Aug 2014

NEW DELHI (Reuters) - India's Supreme Court has granted a jailed business tycoon an office, a phone, Internet connection and three secretaries in the Delhi prison that has been his home for five months so he can sell two of his company's iconic hotels to help pay bail.

Subrata Roy, head of the Sahara conglomerate, was jailed on March 4 for failing to appear in court in a legal battle with India's capital market's watchdog. He needs to raise 100 billion rupees ($1.6 billion) (950 million pounds)to have a chance of release.

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