Case relates to alleged money laundering in granting operational contract of two IRCTC hotels to a private firm.

A court here on Monday granted regular bail to RJD chief Lalu Prasad, his wife Rabri Devi and son Tejashwi Yadav in a money laundering case connected with alleged corruption in the grant of maintenance contracts for two IRCTC hotels to a Patna- based firm allegedly for a consideration.

Special Judge Arun Bhardwaj granted bail to them on furnishing a personal bond of ₹1 lakh and with one surety of a like amount by each. They were earlier granted interim bail.

‘Misuse of position’

The probe agency alleged misuse of official position by Mr. Prasad and IRCTC officials in granting sub-lease of two railway hotels at Puri and Ranchi to Sujata Hotels. It was allegedly given in lieu of 358 decimal of prime land in Patna transferred to Delight Marketing Company in February 2005. The company gradually transferred the land to Ms. Rabri Devi and her son Tejashwi by way of share purchase at nominal prices.

The funds used to acquire the land had a “dubious” origin and been laundered through IST group of companies belonging to former Union Minister Prem Chand Gupta, by using Abhishek Finance Company Limited.