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.
The court also said if he fails to furnish the fine, his jail term would extend by six months.
It is unclear whether the 69-year-old will be able to walk out of jail in the near future.
RJD leader and son of Lalu Prasad Yadav, Tejashwi Yadav today claimed that BJP would have given his father title of "Raja Harischandra" had he aligned himself with the party. The conviction means he can not contest an election and he faces at least one more case. He has been accused in five cases of fodder scam and convicted in two. A bail plea will also be moved in the high court, Tejashwi told a press conference at the residence of his mother and former Bihar Chief Minister Rabri Devi.
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". "Lalu Prasad Yadav has blessings of the almighty and we have faith that he will get justice". "It will now be hard to keep the RJD together and people in politics will be fearful", he said, when asked about the significance of the court's verdict. The case pertained to fraudulent withdrawal of ₹84.5 lakh from the Deoghar district (now in Jharkhand) treasury during the period 1991-94. Lalu Prasad was the Chief Minister of then undivided Bihar from 1990 to 1997.