Sometimes, justice comes in small, late, and subtle ways. After languishing in jail for over two years without absolute indictment, and on the verge of fading away into disgrace, Subrata Roy must see this small reprieve as his last chance to right the wrong. The Supreme Court has extended Roy’s parole till November 28. But he has to deposit Rs 200 crore by then, or he’ll be yanked back behind bars.
He is expected to make use of this relief, personally handling each monetization deals.
The Sahara chief was sent off to jail on May 4, 2014, for his alleged failure to comply with a 2012 order, directing him to return investor’s Rs 17,600 crores, with 15 percent interest that his two companies, Sahara India Real Estate Corp Ltd and Sahara Housing Finance Corp Ltd, had raised through optionally fully convertible debentures (OFCD) in 2007 and 2008.
God lies in details, and the course of the law is taking care of it. SEBI, like a hound, is relentless. It may have a point, or not. But the process takes its own sweet time. There is no date for conviction or acquittal. So while the Indian justice system indulges in a re-enactment of Sunny Deol’s ‘tareekh pe tareekh pe tareekh’, Subrata Roy should quickly, rabidly, do what he is good at: strike deals and pay SEBI back. And then get the hell farthest out of this nightmare.
But what is all this doing to this nearing 70-year-old man? It is shredding his nerves.
When he started out, he proved there’s no such thing as life without limits. He built India’s first super empire. He wasn’t the torch bearer, he was the genesis. Over the years, Mr Roy has been tested for his patience, his belief in justice, and a dogged resolve to fight back. Naturally, only these assets can make you a Subrata Roy.
It’s a pity that such great stories have such absurd endings. But even in the years of peace and tranquility, men like Subrata Roy felt a sense of reversal in fortune breathing down their neck all the time. It kept them on their toes, forever looking out for a hitch. This makes such men more than equipped to handle crisis because they have been hardened through the years.
Only this time, the hitch is more like a storm.
We always crave more life and in the end, we all run out of time. Ideally, Subrata Roy would have wanted to live life peacefully at this age, but he has to contend with what he is facing. But it’s a barrier he must cross. We live in a culture where judgments are endlessly adjourned. This way or that, his fate should be decided soon for the sake of closure.