Madhu Koda scam may be handed over to CBI

Posted By: Abdul Nisar
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Ranchi, Jul 12: The state government of Jharkhand will probably hand over the Madhu Koda scam to Central Bureau of Investigation (CBI).

The state government after taking legal opinions may hand over the money laundering scam to CBI.

The Rs 2,500 crore money laundering scam showed up in 2009 and former chief minister Madhu Koda was arrested in Nov 2009.

The income tax (IT) department and enforcement directorate (ED) jointly raided 69 places in eight Indian cities in Oct 2009. Koda"s houses in Ranchi and West Singhbhum districts were also raided.

The IT department conducted second round raids in Feb 2010 at nearly 63 places. According to IT officials reports, Koda and his associates Vinod Sinha and Sanjay Chaudhary invested through money laundering transactions in countries like Liberia, Dubai, Singapore, Thailand, Indonesia and Sweden.

In Feb 2010, Shibu Soren government had rejected the CBI probe demand. But after impossing President"s Rule in Jharkhand on Tuesday, Jun 1 CBI probe demand gained momentum.

OneIndia News

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