As per the media reports a special CBI court formed to investigate Rs 950 crores fodder scam against former Bihar Chief Minister and chief of Rashtriya Janata Dal (RJD) Lalu Prasad Yadav, on Saturday handed a jail term of 3.5 years and imposed a fine of Rs 5 lakhs.
According to legal experts, Lalu would have been able to apply for bail immediately at the lower court itself if the quantum of sentence was less than three years.
The hearing is to be held through video conferencing.
Furthermore, in the wake of court's ruling and pronouncement of sentence against Lalu Prasad Yadav senior members of the RJD are expected to meet today to discuss the party's strategy and the "emerging political situation".
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Lalu has been convicted in one of the cases of the fodder scam, wherein Rs. 900 crore from the Bihar exchequer was siphoned off under the pretext of purchasing fodder for livestock, during the '80s and '90s.
Special CBI court judge, Shivpal Singh had acquitted six others, including former Bihar chief minister Jagannath Mishra in the case.
On Friday, Lalu Prasad sought a minimum punishment citing health issues.
The RJD supremo is lodged in the Hotwar Central Jail in Ranchi since December 23. The 16 convicted people include three former IAS officials Phoolchand Mandal, Beck Julius and Mahesh Prasad.
Lalu Yadav faces trial in three more cases relating to the fodder scam, locally called the "chara ghotala". The case pertained to fraudulent withdrawal of ₹84.5 lakh from the Deoghar district (now in Jharkhand) treasury during the period 1991-94.