Enforcement Directorate to attach properties of ex-Jharkhand CM Koda, aides’
April 12th, 2011 - 4:44 pm ICT by ANINew Delhi, Apr 12 (ANI): The Enforcement Directorate is to attach properties worth Rs 130 crore allegedly belonging to former Jharkhand Chief Minister Madhu Koda and his aides.
The Directorate, which is probing charges of huge illegal investments and hawala transactions against Koda and his associates, got an approval order from the adjudicating authority under the Prevention of Money Laundering (PMLA) Act.
This is the first order that the Enforcement Directorate has got. Sources said that more attachments are in the offing.
The attachment action under the PMLA is a step where properties of the accused are attached as “proceeds of crime”, the sources said.
The properties are located primarily in Jharkhand and Bihar. They include those allegedly owned by Koda’s associates like Binod and Vikash Sinha, who are in judicial custody.
The Enforcement Directorate had on March 4 filed a chargesheet at a special court in Ranchi against Koda accusing him of amassing illegal wealth of over Rs 1,340 crore in connivance with four of his close associates including a CEO of a Mumbai-based bullion firm.
It is presently awaiting replies to its Letters Rogatories (LRs) sent in the case to countries like Dubai, Sweden, Thailand, Indonesia and Liberia to probe illegal investments in this case. (ANI)
- Enforcement Directorate files chargesheet against Koda - Mar 04, 2011
- Koda's bail plea rejected - Jul 02, 2010
- Enforcement Directorate grills Koda for four hours - Jan 21, 2010
- Supreme Court rejects bail plea of Madhu Koda's associate - Sep 17, 2010
- Koda aide remanded in ED custody for 12 days - Nov 19, 2010
- 'Koda associates invested Rs.225 crore in Dubai' - Jun 24, 2010
- IT, ED not cooperating in Koda scam probe, says Jharkhand - Feb 06, 2010
- Jharkhand court rejects Koda's bail plea - May 14, 2010
- Court permits ED to quiz Koda - Dec 19, 2009
- Madhu Koda's associate sent to ten days in Enforcement Directorate custody - Nov 07, 2009
- Rs.300 crore-worth properties of Koda, others seized - Dec 24, 2010
- Koda deposited money in Swiss banks? - Nov 04, 2009
- Koda evades arrest, thanks to upset stomach (Lead) - Nov 07, 2009
- Koda scam may be handed over to CBI - Jul 12, 2010
- Vikas Sinha brought to Delhi by ED officials for further interrogation - Nov 08, 2009
Tags: aides, attachments, binod, bullion, ceo, chief minister, close associates, connivance, crore, enforcement directorate, investments, judicial custody, liberia, New Delhi, pmla, proceeds of crime, ranchi, rs 1, sinha, vikash