Staying Informed

Jailed Indian tycoon seeks more time to seal hotel deals

Jailed Indian business tycoon Subrata Roy, working from a high-tech office in prison, has requested more time to negotiate the sale of some of his luxury hotels to help to secure bail. Roy, chairman of the Sahara conglomerate, was initially given 10 days by the Supreme Court to talk to potential bidders for three hotels, including Grosvenor House in London and the New York Plaza, to raise $1.6 ...

 

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