FODDER SCAM VERDICT : LALU PRASAD YADAV CONVICTED

Lalu Prasad Yadav got convicted for the Fodder Scam of Bihar state which involves hundreds of millions of dollars in alleged fraudulent reimbursement from the treasury. Lalu Prasad is one of the highest profile person get convicted of the scam.

Lalu Prasad gets 3.5 years in jail and fined Rs.10 lakh by a special CBI court judge Shiv Pal Singh and this is the second time he has been jailed in the fodder scam. He also imposed a fine totalling Rs.10 lakh on him.

He is punished for the offences of cheating, along with criminal conspiracy, and other sections of IPC also punished under the Prevention of Corruption Act (PCA).

The court had concluded arguments on the quantum of sentence against Prasad in connection with the withdrawal of Rs.89.27 lakh from the Deoghar Treasury between 1990 and 1994 when he was the chief minister of Bihar.

It had also heard arguments on the issue of punishment for 10 others convicted in the case.

Meanwhile, Prasad’s son Tejashwi Yadav said in Patna that they will move the high court against his father’s conviction and appeal for bail after studying the court verdict.

 

By – Toshi Tiwari

BBA LLB

IIL

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