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CBI gives clean chit to RJD leader Lalu Prasad Yadav in bribery case

The CBI on Saturday gave a clean chit to former railway minister and Rashtriya Janata Dal leader Lalu Prasad Yadav in a bribery case, NDTV source said. He had been out on bail since April after spending more than three years in jail.

In January, 2018, the Economic Offence Branch of CBI had started a preliminary probe against Yadav and real estate developer DLF Group over alleged corruption.

The investigation was opened on allegations that the DLF Group – eyeing rail land lease project in Mumbai’s Bandra and upgradation of New Delhi Railway Station project – had bribed former railway minister Lalu Prasad Yadav with a property in an upscale South Delhi locality.

It was alleged that AB Exports Private Limited, a shell company, bought a property in New Friends Colony in South Delhi for nearly Rs 5 crore in December 2007, which was funded by DLF Home Developers routed through Lexis Infotech Private Limited and few other shell companies while the actual circle rate of the said property was Rs 30 crore at that time.

In 2011, Lalu Yadav’s son Tejashwi Yadav, and his other family members – Chanda Yadav and Ragini Lalu – allegedly bought AB Exports Private Limited for a mere Rs 4 lakh by transfer of shares, thereby owning the plush Rs 5 crore South Delhi property.

The probe agency had also named Praveen Jain and Amit Katyal as intermediaries who brokered and executed the transactions between DLF Group and Lalu Prasad Yadav.

Sources in the CBI told NDTV that after two years of investigation, the preliminary enquiry was closed as no case has been made out of the allegations. Income Tax Department too had opened a separate investigation in the case.

Read Also: Air India data breach: Personal information of nearly 45 lakh customers leaked

Tejashwi Yadav were leading the RJD since Lalu Yadav was sentenced to jail. However, the RJD emerged as the single largest party in Bihar assembly elections 2019 but had fallen short of majority to form the government in Bihar.

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