Lalu Prasad convicted in fodder scam, Dr Jagannath Mishra acquitted

News Network
December 23, 2017

Patna, Dec 23: Former Bihar chief minister Lalu Prasad Yadav was on Saturday convicted in fodder scam by a special CBI court in Ranchi. The court will announce the sentencing on January 3, 2018.

After the verdict, Lalu was immediately taken into custody.

Special CBI judge Shivapal Singh acquitted former chief minister Jagannath Mishra as well as six others in the case. However, fourteen were found guilty by the court.

The case relates to fraudulent withdrawal of Rs 84.5 lakh from Deoghar district treasury.

In October 2013, when he was first convicted in a related fodder scam case, he had to spend two months in jail before he got bail from the Supreme Court.

In this case, Lalu Yadav faces accusations that as the chief minister and finance minister back in the nineties, he kept the file for an inquiry against the mastermind of the scam pending for 16 months and gave three other officials extensions despite objections from bureaucrats.

Lalu was aware of the scam but allowed the loot to continue by his inaction, the CBI had alleged.

The hearing in the case concluded on December 13 and all accused were asked to remain present in court for the judgement.

Earlier, Lalu Prasad was convicted and sentenced to five-year imprisonment in one of the five cases for which he is being tried in the fodder scam.

In 2014, the Jharkhand High Court had given relief to the former Bihar Chief Minister and others by dropping charges of criminal conspiracy, criminal breach of trust and prevention of corruption.

The court had quashed the cases on the grounds that a person convicted in one case could not be tried in similar cases based on same witnesses and evidence.

In May 2017, the Supreme Court ruled that Lalu Yadav will have to stand trial in all the fodder scam cases, setting aside the high court order that dropped cases charges against the former Bihar chief minister.

The former chief minister of Bihar had been charged in several cases related to the scam, in which Rs. 900 crore were embezzled from the state exchequer for fictitious medicines and fodder for cattle over a period of 20 years.

The CBI began probing the case in 1996.

Over 50 cases were registered for embezzlement of funds on the pretext of buying fodder for cattle, among others.

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News Network
April 14,2020

Thiruvananthapuram, Apr 14: The Kerala government on Monday requested Prime Minister Narendra Modi to arrange special flights to the Gulf to bring back non resident Keralites stranded there due to the lockdown.

In a letter to Modi, Chief Minister Pinarayi Vijayan said many Keralites who had gone on visit visas and in search of employment were finding it difficult to continue there without jobs.

"While we appreciate the constraints faced in allowing international travel as the threat of COVID-19 has not yet receded, it is requested that special consideration to their needs be given and at an earliest opportune time, the Government of India consider arranging special flights to bring these people back," Vijayan said in the letter.

All International health protocols can be followed while extending this facility, he said and assured that testing and quarantine needs of Keralites who are returning would be undertaken by the state government. During the video conferencing the Prime Minister had with Chief Ministers on April 11, this matter had been broght to Modi's notice, Vijayan said.

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Agencies
February 29,2020

New Delhi, Feb 29: Former RBI governor Raghuram Rajan has said slowdown in growth is due to the current government focussing more on meeting its political and social agenda rather than paying attention to the economy.

India can still reverse its slowing economic growth by paying attention to key issues, he said. "It's a sad story, I think most recently, it is politics," Rajan said in response to a question on what was stopping India's growth which remains below potential.

In an interview to Bloomberg TV, Rajan said unfortunately the current government after a massive election win has "focussed more on fulfilling its political and social agenda rather than paying attention to the economic growth".

"Unfortunately, this drift has continued a pace of slowing growth, which was precipitated initially by some actions the government took such as the demonetisation and a poorly rolled out Goods and Services Tax (GST) reform," Rajan said.

India's GDP growth hit nearly 7-year low of 4.7 per cent in the December quarter, as per official data released on Friday.

The GDP growth for the quarter is the lowest since January-March of 2012-13.

In the interview, which was telecast before the official numbers were released, Rajan said India has not paid sufficient attention to cleaning up the financial sector and unfortunately, that is leading to the slowing growth.

"These are things that they can change if attention is paid to them and appropriate actions are taken," Rajan, Professor of Finance at University of Chicago Booth School of Business, said.

On being asked about the spread of the coronavirus globally and its impact, he said there will certainly be some legacy issues in terms of business rethinking in the global supply chain.

"If it is disrupted anywhere, the entire supply chain is held ransom and companies are going to start rethinking that should we actually have these really spread out global supply chain or to bring them back closer home and how much diversification should we have. Should we have multiple production sites across the world rather than have it focussed primarily in Asia," he said.

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News Network
July 11,2020

New Delhi, Jul 11: Poll strategist Prashant Kishor took a swipe at Bihar Chief Minister Nitish Kumar on Saturday, saying this is time to fight the coronavirus not elections and that he should not endanger people's lives in a "hurry" to hold the assembly polls.

"The coronavirus situation in Bihar is worsening like it is in many other states of the country. But a big part of government machinery and resources are busy making preparation for the polls.

"Nitish Kumar ji, this isn't time to fight elections but the coronavirus. Don't endanger people's lives in this hurry to hold the polls," he tweeted.

Kishor, once a confidant of the JD(U) president before he turned a critic and was expelled from the party, joins leaders like LJP chief Chirag Paswan and RJD's Tejashwi Yadav in suggesting that the Bihar assembly polls should be deferred due to the pandemic.

Polls in Bihar are due in October-November but the Election Commission has so far not made any official announcement about its schedule.

The BJP and the JD(U) have been holding organisational meetings and said that they are ready for the elections.

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