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I-T slaps benami transaction against Lalu's family for Rs 1,000-cr deals

Notice has been issued under Section 24(3) of the Benami Transactions (Prohibition) Act

Press Trust of India  |  New Delhi 

lalu, lalu prasad yadav
Lalu Prasad Yadav

The I-T Department has charged family members of RJD chief Lalu Prasad, including his wife, son and daughters, under the Benami Transactions Act in connection with its probe into worth Rs 1,000 crore and tax evasion.

The Income Tax (I-T) Department has served notices of attachment of assets to Lalu's daughter and her husband Shailesh Kumar, his wife and former Bihar Chief Minister Rabri Devi, son and Bihar Deputy Chief Minister Tejashwi Yadav and daughters Chanda and Ragini Yadav.

The attachment notice, accessed by PTI, has been issued under Section 24(3) of the Benami Transactions (Prohibition) Act and Lalu's kin have been identified as "beneficiaries" of the

The department has attached immovable assets such as land, plots and buildings in Delhi and Patna which bear a "deed" value of Rs 9.32 crore but the taxman has estimated their current market value at Rs 170-180 crore.

A total of nine plots in Phulwari Sharif in Patna, where a mall is reported to have been coming up, has also been attached by the tax department.

The department had carried out country-wide searches in this case last month.

Benami properties are those in which the real beneficiary is not the one in whose name the property has been purchased.

Violation of the Act carries rigorous imprisonment of up to seven years and a hefty fine.

The 1988 Act was implemented by the Union government from November 1, last year.

Tax department officials had said Prasad's kin held some of the properties under their scanner in a "benami" way.

The RJD chief, however, had sought to put up a brave face after the raids, saying he was "not scared at all" and would continue to fight against "fascist forces".

"meinhimmatnahi hai ki Lalu kiawaz ko daba sake... Lalu kiawazdabayenge to deshbhar me karoron Lalu kharehojayenge... Main gidarbhabhkisenahidarnewalahoon (does not have the courage to stifle my voice... If it tries to silence one Lalu, crore of Lalu will come forward. I am not scared of empty threats)," he had said in a series of tweets after the search operation.

The had also accused Prasad, Bharti and his two sons Tejashwi and Tej Pratap, both ministers in the Bihar government, of involvement in corrupt worth over Rs 1,000 crore, and asked the central government to probe one such transaction in Delhi.

First Published: Wed, June 21 2017. 01:26 IST