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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
January 10,2020

Dubai, Jan 10: Iran denied on Thursday that a Ukrainian airliner that crashed near Tehran had been hit by a missile, Iranian government spokesman Ali Rabiei said in a statement, according to state TV.

"All these reports are a psychological warfare against Iran. All those countries whose citizens were aboard the plane can send representatives and we urge Boeing to send its representative to join the process of investigating the black box".

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News Network
February 10,2020

Hyderabad, Feb 10: All India Majlis-e-Ittehadul Muslimeen (AIMIM) chief Asaduddin Owaisi continued his tirade against PM Modi and Amit Shah against Citizenship Amendment Act (CAA), National Population Register (NPR) and National Register of Citizens (NRC). "We are ready to take bullets in our chests but we will not show our papers.

We are ready to take bullets in our chests as we love our country," Owaisi said further.

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News Network
March 6,2020

Mumbai, Mar 6: Harried Yes Bank depositors rushed to ATMs to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs 50,000 per account for a month.

Aggravating the problems of depositors were difficulties accessing the internet banking channel, which ensured that they can't transfer the funds online as well. At an ATM in south Mumbai's Horniman Circle, with the RBI headquarters overlooking it, the shutters were pulled down.

The guard on duty said the machine was non-operational before he reported to work late in the evening and he was ordered to shut it after 2200 hrs. In the residential area of suburban Chembur, one ATM was dispensing cash but had a long queue of anxious depositors.

One man said it was still possible to withdraw up to Rs 50,000 in multiple transactions from the machine.

However, another machine nearby had run dry within minutes of the RBI announcement, a woman said.

The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender.

For the next month, Yes Bank will be led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

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