Sahara Faces Tougher Terms for Release of Founder Subrata Roy

The Supreme Court on Friday set tougher terms for Sahara to secure the release of its jailed founder, saying the firm must repay the entire $5.7 billion or Rs 36,000 crore the court says it owes investors in illegal bonds within the next 18 months. The amount includes the $1.6 billion (Rs 10,000 crore) in bail the court had set for the release of Subrata Roy, who was arrested in March last year after Sahara failed to comply with an ...