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Income tax officer raided the residences of former Jharkhand chief minister Madhu Koda after the Enforcement Directorate registered a case against him and his three former ministerial colleagues for alleged money laundering and diversion of state funds on October 31, 2009.
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Charged with laundering a whopping Rs 4,000 crore through hawala transactions and secret bullion trade, Koda stands accused of having a business empire, from Africa to Dubai to Mumbai, ranging from mines in Liberia to bullion companies in Mumbai and a hotel in Thailand.
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After witnessing nationwide raids for three days to unearth the assets of the former Jharkhand chief minister and his associates, Koda had complained of a pain in his abdomen, giddiness and vomiting.
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The I-T department had set November 6 as the deadline for six of Koda's alleged aides to appear before it to explain certain transactions and events.
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The The Enforcement Directorate had filed an Enforcement Case Information Report (ECIR), which is equivalent to an FIR, before the Prevention of Money Laundering Act court in Ranchi against Koda and three of his cabinet colleagues -- Kamlesh Singh, Bhanu Pratap Shahi and Bhandu Tirkey -- besides five other persons.
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Koda and eight others have been accused of amassing property worth hundreds of crores of rupees including those in places like UAE, Thailand, Indonesia, Singapore and Liberia.
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| Income Tax sleuths made it clear that Madhu Koda will be arrested as soon as he is discharged from the hospital. |
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