Roy, who was in Tihar Jail in Delhi since March 2014, has been allowed to leave prison for the funeral of his mother Chhabi Roy, who died this morning.
A three-member apex court bench headed by Chief Justice T.S. Thakur granted parole to Roy on humanitarian grounds, saying "a mother's love is such that it helps even in death".
Roy, 67, was arrested after the group failed to comply with a court order to refund money raised from millions of small investors by selling them bonds later ruled to be illegal. His bail had been set at Rs. 10,000 crores by the Supreme Court in earlier hearings. The Sahara group has failed to raise that money.
The court said plainclothesmen would be with Roy while he is out on parole.
-Source ANI