Lalu Prasad Yadav granted bail in Chaibasa Treasury case, but to remain in jail

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Lalu Prasad Yadav, former Bihar Chief Minister, and the Rashtriya Janata Dal (RJD) chief have been granted bail by the Jharkhand High Court in the Chaibasa Treasury case, related to the fodder scam. The fodder scam involves fraudulent withdrawals amounting to Rs 33.67 crore from the Chaibasa Treasury when Lalu Prasad Yadav was the chief minister of Bihar.

While Lalu Prasad Yadav has been granted bail by the Jharkhand High Court in the Chaibasa Treasury case, the RJD chief will remain in jail since the Dumka Treasury case is still pending.

The Jharkhand High Court has granted bail to Lalu Prasad Yadav on the surety of Rs 50,000. Lalu Prasad Yadav has also been slapped a fine of Rs 2 lakh by the court. A bail plea was filed after the RJD chief completed half of the term i.e., 30 months in the Chaibasa Treasury case.

Lalu Prasad Yadav now needs to secure bail in excess withdrawal case from the Dumka Treasury. He was convicted for seven years in two different sections for fraudulent withdrawal of Rs 3.13 crore.

Lalu Prasad Yadav is already on bail in the Deoghar Treasury case for excess withdrawal of Rs 79 lakh. He was convicted and sentenced to 3.5 years.

His lawyer has reckoned that Lalu Prasad Yadav will complete half of his term in the Dumka Treasury case in the last week of October or the first week of November. In the Dumka Treasury case, Lalu Prasad Yadav was sentenced to seven years in jail under two different sections for excess and fraudulent withdrawal of Rs 3.13 crore.

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