New York Plaza Mortgage Sought by Jailed Indian Owner for Bail

indian jailBy Bhuma Shrivastava and Pratap Patnaik

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Sahara India Pariwar, an Indian financial-services group, sought court permission to mortgage New York’s Plaza and London’s Grosvenor House hotels as it tries to pay the 100-billion-rupee ($1.6 billion) bail on its owner, Subrata Roy.

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