The arrest warrants were issued on Saturday, Aug 22 in connection with a multi-crore illegal investments and hawala case being probed by the Enforcement Directorate (ED).
The Prevention of Money Laundering Act Court in Ranchi had issued the warrants against seven people, which all of them have been evading summons issued by the Directorate. The official sources reported that the seven people were Manoj Kumar Sinha, Sunil Kumar Sinha, Saubhik Chattopadhyay, Vijay Joshi, Rohitash Krishnan, Ajay Amolchand Bafna and Anil Adinath Bastawade.
"All the seven accused are involved in the financial transaction from the money generated by Koda and his associates," said an ED official.
On Nov 30, 2009, Enforcement Directorate arrested Madhu Koda for not co-operating with the investigations into his alleged involvement in Rs 4000 crore money laundering scam.