You are here: Home » Current Affairs » News » National
Business Standard

RJD chief Lalu gets bail in Chaibasa treasury case, to remain in jail

The case pertains to fraudulent withdrawal amounting to Rs 33.67 crore from the Chaibasa treasury in undivided Bihar, when Prasad was the chief minister

Topics
Lalu Prasad Yadav | Rashtriya Janata Dal

Press Trust of India  |  Ranchi 

Lalu Prasad
FILE PHOTO: RJD chief Lalu Prasad at the party's national council meeting in Patna. Photo: PTI

The Jharkhand High Court on Friday granted bail to (RJD) chief Lalu Prasad in a fodder scam case related to Chaibasa treasury, observing that he has served half of the five-year sentence awarded to him.

The case pertains to fraudulent withdrawal amounting to Rs 33.67 crore from the Chaibasa treasury in undivided Bihar, when Prasad was the chief minister.

The veteran leader, howev­er, will have to remain in jail as he is serving time in another case related to Dumka treasury, which involves embezzlement of around Rs 3.13 crore.

Justice Aparesh Kumar Singh asked the RJD boss to submit two personal bonds of Rs 50,000 each and deposit a penalty of Rs 2 lakh to secure bail.

The court also sought Prasad's medical report from authorities of Rajendra Institute of Medical Sciences in Ranchi, where he is undergoing treatment for various ailments, and details of everyone he has met since his admission to the state-run hospital.

Senior lawyer Kapil Sibal, along with advocate Devarshi Mandal, pleaded that the 72-year-old leader be granted bail as he has completed serving half the jail term handed to him in the Chaibasa case.

Earlier, Prasad was granted bail in Deoghar treasury case, pertaining to fraudulent withdrawal of around Rs 89 lakh. He is currently facing trial in Doranda treasury case.

The scam, which had come to light in 1992, involved embezzlement of Rs 950 crore from the state exchequer for the purchase of fictitious medicines and fodder for cattle.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, October 10 2020. 00:24 IST
RECOMMENDED FOR YOU
.