A- A A+

Income Tax department on Monday has seized more than a dozen properties worth around Rs. 165 crores allegedly belonging to the family of Lalu Prasad Yadav in the assets case against the family. Income Tax officials alleged that Prasad’s relatives were the “beneficiaries” of the immovable properties of this firm.

A provisional order for attachment under the Benami Transactions (Prohibition) Act, 2016, was issued by the department in June this year and now the order has been confirmed after adjudication, officials said.

The properties include a farmhouse, a in Delhi’s Palam Vihar area and a building in New Friends Colony area of south Delhi whose land value is Rs 50 crore and some other properties in Patna, Bihar.

Benami Act allows for the prosecution of the beneficial owner, the benamidar, the abettor and the inducer to benami transactions.

I-T department has estimated that the current current market value of all the assets seized is between Rs 170 crore to Rs 180 crore.

RJD Chief Lalu Prasad Yadav on Sunday lashed out at the BJP led central government and claimed that the government is trying to scare him through the CBI.

First Published | 12 September 2017 9:54 AM
Read News On:

Benami Act

benamidar

immovable properties

New Friends Colony

Download English News App and stay updated with all Latest News. For News in English, follow us on        
Web Title: I-T department seizes property worth Rs 165 crore allegedly belonging to Lalu Prasad Yadav’s family

(Latest News in English from Newsx)