Staying Informed

Supreme Court grants jailed tycoon Subrata Roy more time to sell hotels

Jailed business tycoon Subrata Roy, negotiating sale of his luxury hotels from a makeshift office in prison, was granted a 15-day extension from the Supreme Court to seal a deal and pay $1.6 billion to secure bail. Roy, head of the Sahara conglomerate, was initially given 10 working days to Aug. 19 to talk to potential bidders for his three luxury hotels, including the Grosvenor House in London ...


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