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Rabri Devi and Lalu Prasad Yadav (AP Dube/Hindustan Times via Getty Images)
A designated authority under the Prevention of Money Laundering Act (PMLA) has declared that 11 plots belonging to former Bihar chief minister Lalu Prasad Yadav and his family in Patna worth Rs 44.75 crore are assets in money laundering, reports PTI. The plots have been attached by the Enforcement Directorate (ED) and the authority has stated that they should remain attached.
Adjucating Authority Tushar V Shah said that the property would remain attached for a period of 90 days till the investigation was completed and a order of confiscation was issued by a special court.
The ED will now take over the property and put up a sign board that they are under investigation.
The plots are all registered to a company Delight Marketting Co, now known as Lara Projects LLP that lists Yadav’s wife Rabri Devi as its managing director along with his sons Tejashwi and Tej Pratap as partners and another company – Meridian Construction – that is promoted by Abu Dojana, a legislator from Yadav’s Rashtriya Janata Dal (RJD). A mall was to come up on these plots prior to the ED’s attachment of them.
The ED’s criminal case was registered on the basis of the CBI FIR.
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