Clouds of crisis hover over Lalu, ED will seize the assets created from the scam!"
Clouds of crisis hover over Lalu, ED will seize the assets created from the scam!
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Patna: The troubles of former Bihar CM and RJD chief Lalu Prasad Yadav are not going to end yet. He is currently undergoing treatment at the Rajendra Prasad Institute of Medical Science (RIMS), Ranchi, after being convicted in the Rs 950 crore fodder scam. The Enforcement Directorate can confiscate the properties acquired by the persons involved in this scam.

Recently, Lalu Yadav was sentenced to 5 years imprisonment by the Special CBI Court and fined Rs 60 lakh in connection with the fifth case of fodder scam. The incident was related to embezzlement of more than Rs 139 crore in Doranda Fund. The court had directed the CBI to provide a copy of the judgment, FIR and charge sheet to the Enforcement Directorate for necessary action. In his order dated February 21, CBI Special Justice Sudhanshu Kumar Shashi had told that it has been learned that in this case the properties made by the criminals and the deceased criminals have not been identified.

He had told, it may be subject to investigation under the Prevention of Money Laundering Act (PMLA). After the scam came to light, criminals were trying to narrow the scope of investigation. "The ED may, if it so desires and the law permits, proceed to identify and confiscate such properties created out of erroneously acquired money by the criminals or the deceased accused," the order said. The CBI is thus directed to provide a copy of this judgment, FIR and charge sheet etc. to the Enforcement Directorate for taking necessary action on their behalf.

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