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Lalu faces benami transaction charges by I-T Department

In fresh round of trouble for Rashtriya Janata Dal chief Lalu Prasad, the Income Tax Department has charged Lalu’s family with benami transaction charges. The charges under the Benami Transactions Act have been slapped on all immediate family members of Lalu, including his wife, son and daughters. The charges have been slapped in connection with the ongoing investigations in the land deals totaling Rs 1,000 crore and tax evasion. In the notice issued by the I-T department, legal provisions have been mentioned for the attachment of assets on Mr. Prasad’s daughter Misa Bharti; her husband Shailesh Kumar; Mr. Prasad’s wife and former Bihar Chief Minister, Rabri Devi; son and Bihar Deputy Chief Minister Tejashwi Yadav; and Mr. Prasad’s daughters Chanda Yadav and Ragini Yadav.

The attachment notice has been issued as per provisions of Section 24(3) of the Benami Transactions (Prohibition) Act. In the notice, Mr. Prasad’s family members have been identified as the beneficiaries of the benami assets. The immovable assets attached by the I-T department include land, plots, and buildings in Patna. The deed value of these properties is Rs 9.32 crore, but the I-T department has estimated the market price of such immovable assets to be Rs 170 – 180 crore.

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