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Rajya Sabha MP from the Janata Dal(United) and industrialist Mahendra Prasad died here after a long spell of illness, his party said on Monday.
Prasad was a seven-term Rajya Sabha MP from Bihar and was also elected to the Lok Sabha once.
Bihar Chief Minister Nitish Kumar expressed condolences at the death of the 81-year-old Prasad, founder of Aristo Pharmaceuticals, and said his demise is a big loss to the society and politics besides industry.
Prasad was first elected to the Lok Sabha on a Congress ticket in 1980. He remained associated with the party for a long time and shifted his loyalties later as its fortunes declined in the state.
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