New Delhi: Sahara, a sprawling conglomerate that ranges from media to property and Formula One racing, has agreed to pay the full $1.6 billion in bail to release its jailed chief Subrata Roy.
Sahara would pay the amount it still owes by next week.
Subrata Roy has been held in jail for more than a year after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal.
Sahara has in the past made several failed attempts to raise the bail money.
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