Ex-Jharkhand CM Koda ordered to pay Rs 1200 cr as tax dues

Ranchi, Jan 3: Former Jharkhand Chief Minister Madhu Koda, who has been in jail since 2009, has been ordered to deposit Rs 1,200 crore as dues by the Income Tax (IT) Department.

A source has been quoted as saying, “The assessment wing of IT department found that Koda amassed assets worth of Rs 3,300 crore. He has been asked to deposit income tax of Rs 1,200 crore.”

Madhu Koda's money laundering charges are infamous now and came to light in 2009 when the Income Tax officials along with the Enforcement Directorate raided 69 places spread across the country, including Koda's house. The scam was a multi-million rupee scam.

There are also reports that Koda accumulated a total of Rs 3,300 crore as illegal assets of which he invested Rs 400 crore in Dubai. The sources added that Koda could appeal with the Income Tax commissioner against the notice demanding tax dues.

OneIndia News