Koda can of worms opened during probe into Governor’s aide

Ritu Sarin Tags : Koda, money laundering, Sibte Razi, CBI Posted: Thursday , Nov 05, 2009 at 0910 hrs New Delhi:

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Investigators from the Enforcement Directorate stumbled across the massive case of alleged money laundering and property acquisition by former Jharkhand Chief Minister Madhu Koda and his associates while probing former state Governor Sibte Razi’s aide who was booked by the CBI in a disproportionate assets case.

Alerted by reports of alleged hawala transactions, ED investigators found that the Vigilance Department already had dossiers on Koda and aides Kamlesh Singh, Bhanu Prasad Sahi and Bandhu Tirkey. So after the case registered by Vigilance on July 2, the ED moved in and filed an ECIR (Enforcement Case Information Report) on October 8.

Officials said the subsequent arrest of two of Koda’s Cabinet colleagues Enos Ekka and Hari Narain Rai followed the Vigilance chargesheet. Similar action is expected against Koda after the second chargesheet is filed within a month.

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During their interrogation, the two Ministers — they were in ED custody for 10 days — are said to have admitted to owning 53 properties across the country. Sources said that with the Prevention of Money Laundering Act (PMLA) being invoked, attachment of these properties will soon begin.

The exact scale of the money laundering isn’t known but there’s evidence to show this could be the biggest case under PMLA. Reason: Documents seized from Mumbai company Balaji Bullion — of which Koda’s aides Binod Kumar Sinha, Sanjay Chaudhary and Manoj Punamia are directors — reveal alleged hawala transactions amounting to Rs 990 crore.

And papers seized from Arvind Vyas, described as a close associate of Binod Kumar Sinha, indicate transfers of $10 million to Dubai. More than 100 bank accounts are under scrutiny.

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hang that bastard kodaBy: Saurabh Gupta | 18-Nov-2009 Reply | Forward people like madhu koda should be hanged in public. These are the monsters who live among us and are eating the whole country. they are the pest we need to wipe out of the society and its not only koda but others like mulayam singh,lalu prasad,mayawati,sukhram......

madhu kodas in political field and public sector organisations.By: mjs murthy | 17-Nov-2009 Reply | Forward It is not only Madhu Koda but the officials who are hand in glove through transactions in Public Sector Banks, politicians who directly encouraging such personalities should be hanged in public. There are many more such Madhu Kodas in various public sector organisations, political field etc who should be brought to book.

Hang Corrupt like China doesBy: M.B.Nataraj | 11-Nov-2009 Reply | Forward Madhu Kodas (we have them a plenty in different guises especially in politics) should sicken any Indian. We should not tolerate such "Indians" who rape this country of 4 or 4000 crores and mock it by claiming I am innocent. We need to remember the Chinese Minister Zheng who was executed for corruption in July 2007. We need to urgently bring in such a prospective measure to drastically reduce corruption instead of wasting crores trying to provide " presumed innocent till proven guilty" quality of justice. I do not see why any party, politician or Indian should have an objection to such a prospective legislation which would end corruption at one stroke. The parties who he was part of should introduce such legislation. When India was split into two by a penstroke why cannot not it be cleansed in one stroke?

cause of corruptionBy: danendra jain | 07-Nov-2009 Reply | Forward Whimsical promotion, whimsical transfer and posting are the root cause of all types of irregularities, deficiencies, corruption, and mal-administration in the family, in the society and in the country as a whole. Whenever a new departmental head joins his duty or a new Chief Minister takes charge of the state, or a new government comes to power at the center, chain of whimsical transfers takes place causing unwarranted annoyance among talented and good workers. Whimsical promotions to flatterer juniors superseding senior good workers are very common in our country. As long as we are unable to provide a reasoning based transfer and merit based promotion and as long as the wrong doers are not punished by courts in the country in the quickest timeframe we cannot imagine of stopping corrupt practices prevailing and spreading like cancer in the society. When most of the ministers in the government, most of the MPs and most of the MLAs at state level are corrupt how can they

All Jharkhand politician are corruptBy: Das | 07-Nov-2009 Reply | Forward Nothing to write about them, after few days they will left free, they will contesting the election, they just ripped the jharkhand badly; now they will blame center is not doing anything, I guess these jharkhand politician are immature and they have no sense of doing any development, be Shibu soren, arjun munda, madhu koda, tirky, sirky.. all are corrupt.. name it you will get one or the other scandal.

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