The CBI has given a clean chit to former railway minister and Rashtriya Janata Dal leader Lalu Yadav in a bribery case, sources have said. He has been out on bail since April after spending more than three years in jail.
In January 2018, the Economic Offence Branch of CB had initiated a preliminary probe for corruption against him and real estate developer DLF Group.
It was alleged that the DLF Group, eyeing rail land lease project in Mumbai’s Bandra and upgrade of New Delhi Railway Station project, had bribed the former railway minister with a property in an upscale South Delhi locality.
Allegedly, a shell company known as AB Exports Private Limited bought a property in New Friends Colony in South Delhi for around ₹ 5 crore back in December 2007. Reportedly, the property was funded by DLF Home Developers routed through a number of shell companies. It is claimed that the actual rate of the said property was around ₹ 30 crore back then.
According to reports, In 2011, Lalu Yadav’s son Tejashwi Yadav, and his daughters, Chanda Yadav and Ragini Lalu bought AB Exports Private Limited for just ₹ 4 lakh which made them the owner of the South Delhi property.
According to a report by NDTV, after two years of rigorous investigation, the “preliminary Enquiry was closed as no case has been made out of the allegations”.
