Neera Yadav granted bail

ALLAHABAD - The Allahabad High Court Monday granted bail to former Uttar Pradesh chief secretary Neera Yadav, who has been sentenced to a four-year jail term for wrongfully allotting of a residential plot to an industrial unit during her tenure as Noida Authority chief, officials said.

The bail was granted by a single judge bench of Justice Vinod Prasad.

Yadav was asked to furnish two sureties of Rs.5 lakh each together with a personal bond of Rs.5 lakh. The fine of Rs.50,000, earlier slapped on Yadav by the special Central Bureau of Investigation court in Ghaziabad, was reduced to Rs.25,000, officials added.

Flex Industries chairman Ashok Chaturvedi, to whom the residential plot was allotted by Yadav during her tenure and who was also sentenced to four years’ imprisonment, too was granted bail.

According to officials, Chaturvedi was granted bail on the personal bond of Rs.15 lakh together with two sureties of Rs.15 lakh each.

Earlier, the Allahabad High Court Dec 10 reserved its judgment on Yadav and Chaturvedi’s bail applications.

Special CBI Judge A.K. Singh in Ghaziabad Dec 7 found Yadav, an Indian Administrative Service officer who retired in 1997, guilty of violating the rules in allotting a 35,000 square metres plot of residential land in Noida to Flex Industries Ltd in 1994-95 when she was the chairperson and CEO of the Noida Authority.