Fodder Scam: Lalu Yadav's bail rejected by Jharkhand High Court

New Delhi, Feb 23: In a major development in the Fodder Scam, Lalu Prasad Yadav's bail plea has been rejected by Jharkhand High Court in Deoghar Treasury matter. He was earlier sentenced for three and a half years in the case by a CBI court.

A special CBI court had convicted former Bihar chief minister Lalu Prasad and 15 others in a fodder scam case. CBI judge Shivpal Singh had pronounced the verdict in a packed courtroom in the case pertaining to fraudulent withdrawal of Rs 89.27 lakh from Deoghar Treasury between 1991 and 1994.

Lalu Prasad, the chief of RJD, and other convicts were taken into custody immediately after the pronouncement of the verdict. A charge sheet was filed against 38 persons on October 27, 1997. Eleven of them died and three turned approvers while two other accused confessed and were convicted in 2006-07, a CBI official said.