Income tax raids at 70 addresses linked to Madhu Koda
October 31st, 2009 - 11:09 pm ICT by ANIRanchi, Oct 31(ANI): The Income Tax department on Saturday conducted nationwide raids at 70 addresses linked to former Jharkhand Chief Minister Madhu Koda and others allegedly involved in unaccounted money transaction during his term.
Addressing a press conference in Ranchi, Income Tax Director of Investigation, Ujjwal Choudhary, said: “Search operations are being held at the places related to Madhu Koda, Vinod Kumar Sinha and Sanjay Chowdhary. In total the search operations are going on at 70 places in the cities like Ranchi, Jamshedpur, Chaibasa, Delhi, Mumbai, Kolkata and Nasik.”
Choudhary also said that during Koda’s tenure as the Chief Minister, he was involved in the transaction of unaccounted money.
“According to the information, during the period when Koda was the Mining Minister and Arjun Munda was the Chief Minister and also under the Chief Ministership of Madhu Koda, it seems like deals took place where unaccounted money was transacted. The search operations are being held for that purpose,” Choudhary added.
The raids comes after the Enforcement Directorate (ED) registered a case against Koda and eight others for alleged money laundering, diversion of State funds and making huge illegal investments abroad.
The ED filed an Enforcement Case Information Report before the Prevention of Money Laundering Act (PMLA) court in Ranchi on October 10.
Koda has been booked under the PMLA along with three of his State Cabinet colleagues Kamlesh Singh, Bhanu Pratap Shahi and Bhandu Tirkey, besides five others.
Koda is also alleged to have purchased mines worth 1.7 million dollars in Liberia, after he became chief minister of the mineral rich state in 2006 as an independent legislator, third politician in the country to achieve this feat. (ANI)
- Koda gets bail in illegal mining case, to stay in jail - Apr 05, 2012
- Enforcement Directorate files chargesheet against Koda - Mar 04, 2011
- Income Tax sleuths raid 70 places of Madhu Koda, associates (Lead) - Oct 31, 2009
- Koda aide remanded in ED custody for 12 days - Nov 19, 2010
- Koda scam: Raids continue, valuable documents seized - Feb 17, 2010
- Koda scam may be handed over to CBI - Jul 12, 2010
- Koda moved from ICU to general ward, ED set for arrest - Nov 05, 2009
- Koda told to pay Rs.1,200 crore in income tax dues - Jan 02, 2012
- Koda's bail plea rejected - Jul 02, 2010
- Madhu Koda arrested in Jharkhand - Nov 30, 2009
- Koda to appeal against Rs.1,200 crore tax demand - Jan 09, 2012
- CBI court rejects Koda's bail plea - May 30, 2011
- Koda's interrogation resumes - Nov 10, 2009
- 'Non-cooperating' Koda may face narco test - Nov 06, 2009
- Rs.200 crore invested by Koda in Sweden traced, court told (Lead) - Jan 24, 2012
Tags: arjun munda, bhanu, cabinet colleagues, chief minister, chief ministership, chowdhary, enforcement directorate, income tax raids, jamshedpur, koda, money laundering act, money transaction, nasik, pmla, pratap, search operations, state cabinet, tax director, tirkey, vinod kumar