IndiaCatalog.com
India News
Search Web Directory
News Home
IRCTC Scam: Patiala Court to hear case involving Lalu Prasad Yadav and family; ED says 'enough evidence' against them
Posted on 17th September 2018
The Patiala Court on Monday will hear an important case pertaining to the charge sheet filed by the Enforcement Directorate against former railway minister Lalu Prasad Yadav and his family, who are accused in the IRCTC Scam case.

The ED has said that it has enough evidence to charge Lalu, his wife, Rabri, and Tejashwi Yadav, along with former minister Premchandra Gupta and his wife Sarla, as well as former IRCTC Managing Director BK Agarwal.

The CBI, too, is investigating the case and in April this year, said it had enough evidence to implicate the Yadav family in the case.

On August 31, a Delhi court granted bail to Rabri Devi and Tejashwi Yadav in the case. The court granted bail to Rabri and Tejashwi Yadav on a personal bond of Rs lakh and one surety of the like amount.

Special judge Arun Bharadwaj also issued a production warrant against Lalu, who is currently serving time in jail for his role in the fodder scam, to appear in October.

The CBI had registered a case in July last year and carried out searches at 12 locations in Patna, Ranchi, Bhubaneswar and Gurgaon in connection with the case.

The charges in the case include criminal conspiracy (120-B), cheating (420) under IPC and corruption, the central probe agency had said.

According to the charge sheet, between 2004 and 2014, a conspiracy was hatched in pursuance of which BNR hotels of the Indian Railways, located at Puri and Ranchi, were first transferred to the IRCTC and later, for its operations, maintenance and upkeep, it was given on lease to Sujata Hotel Private Limited, which is based in Patna.

It is alleged that the tender process was rigged and manipulated, and the conditions were tweaked to help the private party (Sujata Hotels).

It also claimed that Vinay Kochhar on February 25, 2005, sold commercial property in the form of three acres of land in Patna through 10 sale deeds for Rs 1.47 crore to Delight Marketing, in which Sarla Gupta was a director as a front benami holder on behalf of Lalu Prasad.

Between 2010 and 2014, this land was further transferred, the CBI alleged.

In 2001, it was decided to handover the management of catering services of the Indian Railways, including of its hotels, to the IRCTC. Two such hotels -- BNR Hotels in Ranchi and Puri -- were also identified and an MoU was signed between the railways and the IRCTC on March 19, 2004.

According to an FIR flied by the CBI, Lalu Prasad, the then railway minister, entered into criminal conspiracy with the owner of Sujata hotels, Sarla Gupta, the wife of his close associate Prem Chand. Gupta, an RJD MP in the Rajya Sabha, and IRCTC officials for "undue pecuniary advantage to himself and others".

The probe agency also alleged that BNR hotels were transferred to Sujata Hotels through a rigged and manipulated tender process managed by P K Goel, the then managing director of IRCTC.

The CBI enquiry shows that the railways sought bids for developing, operating and maintaining Rail Ratna Hotels on September 16, 2006.

The probe agency has alleged that Lalu Prasad, as railway minister, was aware about the whole process and was keeping a track of the tender proceedings. It surfaced that while over 15 bid documents were received for both the hotels, IRCTC has no records of bidders other than the Sujata Hotels.

It was also alleged that with an intention to render undue pecuniary gains to Sujata Hotels, the bid of another hotel was deliberately and unreasonably given low marks under technical evaluation.

"As a result, Sujata Hotels remained the only bidder in financial evaluation and was qualified," the CBI has alleged, adding that after the tender was awarded to Sujata Hotels, the ownership of Delight marketing also changed hands from Sarla Gupta to Rabri Devi and Tejashwi Yadav between 2010 and 2014.

By this time, Lalu Prasad had demitted the office of railway minister.

Lalu Prasad became chief minister in 1990 but had to resign in 1997 following corruption charges in the multi-crore rupees fodder scam.

From 1997 to 2005 his wife Rabri Devi ruled as the Chief Minister of the state and was replaced by Nitish Kumar as chief minister.

Lalu Prasad also served as Union railway minister from 2004 to 2009.

The RJD again came back to power after forging an alliance with its bitter rival JD(U), led by Nitish Kumar in 2015 and Tejashwi Yadav became deputy chief minister.

However, Kumar parted ways from RJD in July 2017 marking the end of Tejashwi's tenure as deputy CM.

Related Companies: Telecom Regulatory Authority of India   

Other Latest News
L&T buys shares of Mindtree worth Rs44 crore through open market
Posted on 23rd May 2019
MUMBAI: Construction major L&T on Thursday bought shares worth about ₹44.16 crore of Mindtree through open market transactions.

According to the bulk deal data available with the NSE, the firm bought over 0.45 million shares, at an average price of ₹979.91 a share.


Paytm Payment bank turns profitable: Reports net profit of Rs 19 crore in FY19
Posted on 23rd May 2019
Paytm Payments Bank Limited (PPB) Thursday said it has turned profitable within its second year of operation, reporting a profit of Rs 19 crore for the financial year 2018-2019. PPBL claimed to lead mobile banking transactions with over 19 per cent market share as of March 2019.

“Nearly a third of the total mobile banking transactions in India are powered by PPB and it processes over Rs 3 lakh crore worth of digital transactions on an annualised basis,” the company said in a statement.


NSE gets interim relief from SAT in co-location case
Posted on 23rd May 2019
The Securities Appellate Tribunal (SAT) on Wednesday stayed Sebi rulings that directed the National Stock Exchange to disgorge profits of over Rs 625 crore in the co-location case.

However, the tribunal directed the bourse to deposit Rs 625 crore with Sebi in two weeks. The exchange would have to continue to deposit revenues from the co-location facility to an escrow account.


Rupee rises 26 paise to 69.40/USD in early trade ahead of Lok Sabha elections outcome
Posted on 23rd May 2019
The rupee appreciated by 26 paise to 69.40 against the US dollar in opening trade Thursday, as counting of votes for the seven-phase Lok Sabha elections began across the country.

The counting exercise is on in over 4,000 counting centres. Most of the exit polls have predicted that the BJP-led National Democratic Alliance (NDA) is on course to retain power for a second term.


Hulst BV acquires additional 98,100 shares in NIIT Technologies
Posted on 23rd May 2019
New Delhi: Hulst BV has acquired additional 98,100 shares of NIIT Technologies from the open market, taking its shareholding in the mid-sized Indian IT firm to 32.04 per cent, a regulatory filing said on Thursday.

On Wednesday, Hulst BV had acquired 1.23 lakh shares of NIIT Technologies taking its shareholding in the company to 31.88 per cent.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for IRCTC Scam: Patiala Court to hear case involving Lalu Prasad Yadav and family; ED says 'enough evidence' against them
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for IRCTC Scam: Patiala Court to hear case involving Lalu Prasad Yadav and family; ED says 'enough evidence' against them

Most Read News

Infosys to allocate up to 50 mn shares to incentivise staff

What Imran Khan should do to prevent Pakistan from FATF blacklisting

Reliance tops IOC in sales

Amazon's $575 mn investment delivers a $1 bn blow to food delivery sector

Ashok Leyland ready to ride on Elon Musk's India dream

More India News

Photo Gallery

BMW X1(12 Images) BMW X1
Volvo 9400xl(10 Images)Volvo 9400xl
Manyam Puli(11 Images) Manyam Puli
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement