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Koda can of worms opened during probe into Governor’s aide

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Ritu Sarin

Posted: Nov 05, 2009 at 0910 hrs IST

New Delhi Investigators from the Enforcement Directorate stumbled across the massive case of alleged money laundering and property acquisition by former Jharkhand Chief Minister Madhu Koda and his associates while probing former state Governor Sibte Razi’s aide who was booked by the CBI in a disproportionate assets case.

Alerted by reports of alleged hawala transactions, ED investigators found that the Vigilance Department already had dossiers on Koda and aides Kamlesh Singh, Bhanu Prasad Sahi and Bandhu Tirkey. So after the case registered by Vigilance on July 2, the ED moved in and filed an ECIR (Enforcement Case Information Report) on October 8.

Officials said the subsequent arrest of two of Koda’s Cabinet colleagues Enos Ekka and Hari Narain Rai followed the Vigilance chargesheet. Similar action is expected against Koda after the second chargesheet is filed within a month.

During their interrogation, the two Ministers — they were in ED custody for 10 days — are said to have admitted to owning 53 properties across the country. Sources said that with the Prevention of Money Laundering Act (PMLA) being invoked, attachment of these properties will soon begin.

The exact scale of the money laundering isn’t known but there’s evidence to show this could be the biggest case under PMLA. Reason: Documents seized from Mumbai company Balaji Bullion — of which Koda’s aides Binod Kumar Sinha, Sanjay Chaudhary and Manoj Punamia are directors — reveal alleged hawala transactions amounting to Rs 990 crore.

And papers seized from Arvind Vyas, described as a close associate of Binod Kumar Sinha, indicate transfers of $10 million to Dubai. More than 100 bank accounts are under scrutiny.

Koda is said to have confirmed his visits to Dubai, Indonesia, Thailand, Singapore and Liberia but has refrained from elaborating on why he went there. As scores of investigators from ED and the Income Tax Department pore over transaction papers recovered from over 65 premises searched last week, the agencies will move for look-out notices at all airports to prevent the suspects from fleeing.

Besides the direct acquisition of a coal mine in Liberia, agencies are probing how Koda recommended names of his associates for award of mining contracts in Jharkhand when he was CM. The process of “clearances” will also come under the scanner.

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hang that bastard koda by Saurabh Gupta on 18 Nov 2009

people like madhu koda should be hanged in public. These are the monsters who live among us and are eating the whole country. they are the pest we need to wipe out of the society and its not only koda but others like mulayam singh,lalu prasad,mayawati,sukhram......

madhu kodas in political field and public sector organisations. by mjs murthy on 17 Nov 2009

It is not only Madhu Koda but the officials who are hand in glove through transactions in Public Sector Banks, politicians who directly encouraging such personalities should be hanged in public. There are many more such Madhu Kodas in various public sector organisations, political field etc who should be brought to book.

Hang Corrupt like China does by M.B.Nataraj on 11 Nov 2009

Madhu Kodas (we have them a plenty in different guises especially in politics) should sicken any Indian. We should not tolerate such "Indians" who rape this country of 4 or 4000 crores and mock it by claiming I am innocent. We need to remember the Chinese Minister Zheng who was executed for corruption in July 2007. We need to urgently bring in such a prospective measure to drastically reduce corruption instead of wasting crores trying to provide " presumed innocent till proven guilty" quality of justice. I do not see why any party, politician or Indian should have an objection to such a prospective legislation which would end corruption at one stroke. The parties who he was part of should introduce such legislation. When India was split into two by a penstroke why cannot not it be cleansed in one stroke?

cause of corruption by danendra jain on 07 Nov 2009

Whimsical promotion, whimsical transfer and posting are the root cause of all types of irregularities, deficiencies, corruption, and mal-administration in the family, in the society and in the country as a whole. Whenever a new departmental head joins his duty or a new Chief Minister takes charge of the state, or a new government comes to power at the center, chain of whimsical transfers takes place causing unwarranted annoyance among talented and good workers. Whimsical promotions to flatterer juniors superseding senior good workers are very common in our country. As long as we are unable to provide a reasoning based transfer and merit based promotion and as long as the wrong doers are not punished by courts in the country in the quickest timeframe we cannot imagine of stopping corrupt practices prevailing and spreading like cancer in the society. When most of the ministers in the government, most of the MPs and most of the MLAs at state level are corrupt how can they

All Jharkhand politician are corrupt by Das on 07 Nov 2009

Nothing to write about them, after few days they will left free, they will contesting the election, they just ripped the jharkhand badly; now they will blame center is not doing anything, I guess these jharkhand politician are immature and they have no sense of doing any development, be Shibu soren, arjun munda, madhu koda, tirky, sirky.. all are corrupt.. name it you will get one or the other scandal.

Hang Madhu Koda by Aftab Ahmad on 06 Nov 2009

It is a sad thins a rapist of vast resources of Jharkhand is getting VIP treatment in a hospital. This type of people should be hanged. How could be a person who was few years earlier "Madhuaa" and devoid of a paisa becomes a "king" with thousands of crore? We also know there are lots of others who becomes ultra rich by the theft of public money. Politicians should be banned to acquire money in any business form except their salaries. If agencies have no courage and power then people should come forward and punish these culprits. Cruel method should be use to punish these types of "Lootera's".

Unlucky! by Jay Kusumjai on 06 Nov 2009

Mr Koda is unlucky not to have the backing of a major political party, unlike Mr Raja, who is smiling smugly at India's poor, because he has the support of DMK and the Congress.

curruption by karan on 06 Nov 2009

just why we r providing theese kinds of medical facility.it seems good just gets hospitilise when u r in trouble.take back public money and punish theese kinds of people.shame on.........

Public Money by Uday Sharma on 05 Nov 2009

Is it not public money grabbed by a few people when we say that Jharkhand is not developing.I think all this money should be taken back,put all money for development work and hang such henious public images. Please follow the same for all such people who grab public money.

Madhu Koda by Varind on 05 Nov 2009

Madhu Koda is kingpin of the Gang who gangged up to form the J'Khand govefrnment under him and unfortunately they are still roaming in the streets of J'Khand and neighbouring state of Bihar. It is a testing time for CBI and other agencies to prove that they still work independently.

Known facts of corruption by chandrakant marathe on 05 Nov 2009

It is not surprising that Koda has swindled thousands of crores but is surprising why only Koda is being probed now? Every one knows about our politicians and their associates command thousands of crors but are never probed for their wealth unless opposition party wants to hurt them for their own political and economic gains. Look at the leaders in every state and one wonders, without doing a job or a business how these politicians can amass so much of wealth? The conclusion is our system itself is corrupt to the core and we need a bloody revolution to change it.

System Failure ? by K.Suresh on 05 Nov 2009

Is this a case of "system failure"? What is preposterous is not that a CM was into misappropriation of hundreds of crores of rupees, but that the system was either unable or unwilling to smell a rat. If this is the way the system works in India, it is quite probable that other incumbent or former ministers/politicians may even now be swindling the nation of millions of crores, which may or may not come to light.

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