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Jailed owner tries to mortgage iconic hotels

Thursday, December 4, 2014 - 05:50

Mumbai

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 (S$2.12 billion) bail on its owner, Subrata Roy.

Mortgaging the two hotels, plus New