9 years, 1 month ago

Two years on, Subrata Roy’s ‘life mantra’ hasn’t changed

Stress-free is how Sahara Group chief Subrata Roy described himself in his book Life Mantras, released on 1 February. On 4 March 2014, the Supreme Court passed its order sending Roy—and two Sahara Group company directors Ravi Shankar Dubey and Ashok Roy Choudhary—to jail, after the companies’ repeated failure to deliver on promises made to return the money collected from depositors. Over last two years, approximately ₹ 4,000 crore of the ₹ 10,000 crore bail money has been deposited with market regulator Securities and Exchange Board of India, according to lawyers for the market regulator. However, the two years in jail haven’t changed Roy, who last month belted out his first book called Life Mantras, part of the Thoughts from Tihar trilogy. The case drags on, and the Supreme Court has made it clear that Roy will not be released unless he pays the ₹ 10,000 crore bail.

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