Subrata Roy has closed-door meet with investors, staff

May 29, 2016 12:00 am | Updated 05:47 am IST - VIJAYAWADA:

Subrata Roy

Subrata Roy

Sahara India Pariwar, Managing Worker & Chairman Subrata Roy, who is on parole, had a closed door meeting with his employees and investors in Vijayawada on Saturday. Mr. Roy visited the city as part of his ‘Abhaar Yaatra’ to offer gratitude to employees and investors of Sahara.

Thousands of employees and investors from across Andhra Pradesh took part in the meeting .

Mr. Roy arrived in his chartered aircraft and met some of his important investors and top brass employees of his companies in the State before moving to the meeting venue in the afternoon.

He was received with pomp amid chantings by priests at the convention centre. However, the event was strictly limited for employees and investors who were present in uniform dress code. The media was not allowed to cover anything relating to the visit even as the schedule was publicised a day before.

The meeting went on till late night. The 67-year-old Roy along with other cadre of the Sahara group was arrested in 2014, following orders by the Supreme Court in connection with an alleged fraud involving Rs. 24,000 crore deposits which his company has not refunded to investors. Mr. Roy and two other directors of Sahara were paroled for four weeks from May 6 and the period was later extended up to July 11.

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