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Case pertains to fraudulent withdrawal of ₹33.67 crore when he was Chief Minister of Bihar
The Jharkhand High Court on Friday granted bail to jailed Rashtriya Janata Dal (RJD) president Lalu Prasad in reference to the ₹950-crore fodder scam case.
The case pertained to fraudulent withdrawal of ₹33.67 crore from the Chaibasa treasury in Jharkhand throughout 1992-93 when he was Chief Minister of undivided Bihar.
While granting bail, the court docket requested Prasad to submit two private bonds of ₹50,000 every and deposit ₹2 lakh for securing bail. He has spent half of the punishment of 5 years in the case.
However, Prasad won’t come out of jail now as he has been convicted in a variety of different circumstances as effectively.
Earlier, on January 24, 2018, a particular CBI court docket in Ranchi convicted Prasad and different accused in the fodder scam case associated to fraudulent withdrawal of cash from the Chaibasa treasury.
The RJD chief has been present process remedy at Rajendra Institute of Medical Sciences (RIMS) for a number of ailments. Due to the COVID-19 pandemic, he’s housed at Kelly Bungalow on the hospital premises.
After being convicted in the fodder scam circumstances, Prasad has been at Birsa Munda central jail of Jharkhand since December 2017.
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