The Supreme Court on Friday allowed jailed Sahara chief Subrata Roy parole for four weeks to attend his mother's last rites.
A Bench headed by Chief Justice of India T.S Thakur also granted parole to one of the jailed Sahara director Ashok Roy Choudhary.
The court, however, said that Mr. Roy would be under the protective custody of the police with an assurance from his counsel Kapil Sibal that his client would not try to abscond.
In jail from March 2014
Mr. Roy has been in Tihar jail since March 4, 2014 on the orders of the apex court in relation with a long running dispute with market regulator the SEBI.
Mr. Roy's mother Chhabi Roy, 95, passed away in Lucknow on Friday after a prolonged illness.
“Both Subrata Roy and Ashok Roy Choudhary were released around 8.45 pm from the jail number 1 of Tihar, where they had been lodged since March 4, 2014,” said a senior jail official. (With inputs from PTI)