Former Jharkhand chief minister Madhu Koda was arrested on Monday morning in the Hawala scam totaling to about Rs 2,000 crore.
This came to light following the arrest of five people in a case in which Rs 13,85,000 obtained from sale of goods sent from Pakistan-occupied Kashmir (PoK) was allegedly distributed among terrorists and others associated with LeT outfit for terrorist activities in the Valley, they said.
In 2005, Koda had movable assets worth Rs 13 lakh, and by 2009, they rose to over Rs 94 lakh. His immovable assets also doubled to over Rs four lakh during this period. These disclosures were made by Koda himself -- first in the affidavit he filed with the Election Commission at the time of contesting the assembly elections in 2005 and then earlier this year when he fought the Lok Sabha polls.
Did the ill-gotten money of former Jharkhand chief minister Madhu Koda and his associates, who are allegedly involved in the Hawala and illegal investments case, find its way to Naxal groups?
The first five years of Koda's life as a BJP legislator were uneventful: he used this time to consolidate relationships. But elections came around in 2005 and the BJP turned down Koda's claim of a nomination. He contested as an Independent from his old constituency and won.
With former Jharkhand chief minister Madhu Koda discharged from a Ranchi hospital on Sunday, the Enforcement Directorate has issued fresh summons to him to appear before it on November 15 in Delhi.
After a Ranchi court on Saturday sent Vikash Sinha, an associate of Madhu Koda, to its custody, the Enforcement Directorate is probing the role of cabinet colleagues of the former Jharkhand chief minister in obtaining and routing of money, which was later allegedly used for hawala transactions.
Vikas Sinha, an associate of former Jharkhand Chief Minister Madhu Koda, was on Friday arrested by the Enforcement Directorate in Ranchi for his alleged role in carrying out hawala transactions and illegal investments.Sinha, brother of another associate Binod Sinha, will be produced before a local court, where the ED will seek his police remand before he is sent to the Directorate's regional headquarters in Patna.
Income Tax sleuths on Thursday made it clear that former Jharkhand Chief Minister Madhu Koda will be arrested as soon as he is discharged from the hospital.The Enforcement Directorate and IT department have also directed the ARA Memorial Weaver's Hospital in Ranchi, where Koda is recuperating, not to release him without informing them. The IT department has already sealed Koda's house in Ranchi.The ED had also issued a summons to Koda and seven of his aides.
Former Jharkhand Chief Minister Madhu Koda and his associates, facing charges of money laundering, have been summoned by the Enforcement Directorate for questioning on alleged hawala transactions and investments.
The businessman, Pankaj Gangar, used to transfer the money to Shakeel
Mukesh Ganju, stated to be the mastermind of the murder of the journalist, is absconding.
The court granted the relief to the two saying they were no longer required for custodial interrogation and have been asked to furnish a personal bond of Rs five lakh each and two sureties of the like amount.
A team of investigators from the Income Tax Department spent Tuesday at the residence of former Jharkhand Chief Minister Madhu Koda, sifting through his papers and questioning him about an alleged Rs 2,000 crore hawala transaction case. The Enforcement Directorate has also begun action against him in New Delhi.The department has asked its officers in Ranchi to bring a list of the seizures and records of statements of his associates, which will be put across to Koda.
Intensifying its attacks on the Congress, the Bharatiya Janata Party released a picture on Tuesday, showing Rahul Gandhi riding pillion on a bike with one Asif Billa, an alleged history sheeter of Rajasthan.
The United States has begun to squeeze the funding and flow of money to terrorist organisations in the Af-Pak region including the Taliban, Al Qaeda, the Haqqani network and Laskhar-e-Tayiba, and keeping a tab on 'hawala' transactions, a top Obama administration official has said.
Bulk seizures of new currency continued on Saturday with some more incidents being reported, including one in which the IT department recovered Rs 5.7 crore cash in new notes secretly stashed inside the bathroom tiles of a hawala dealer in Chitradurga district in Karnataka.
The party will hold similar protests in all district headquarters across the country on December 26, senior party leader Sanjay Singh said.
Shah said the Anti-Citizenship Amendment Act protests in the national capital were turned into communal riots. "I call upon my Muslim brothers and sisters that false propaganda is being spread on the issue of CAA. This Act is not to take anyone's citizenship but to give citizenship," said Shah.
More than 60 individuals and entities, an overwhelming number of them Indians, were on Thursday charged by the Justice Department for allegedly participating in a multi-million dollar scam involving call centres based in India which conned thousands of American citizens.
Samajwadi Party general secretary Amar Singh has been accused of using the contraband 'hawala' operation to dole out a hefty $10 million 'gift' to the Clinton Foundation in United States.Vishwanath Chaturvedi, who had earlier moved a PIL accusing SP chief Mulayam Singh of amassing disproportionate assets, has filed a petition before the Election Commission in New Delhi.He added "It is evident that Singh had given false declaration about his wealth."
AAP alleges that the BJP is trying to woo voters with food and alcohol before the polls
While the telecom ministry and cellular operators are trying to hammer out differences over the issue, the security agencies have submitted a report to the Union home ministry about the abuse of the new technology by some terrorists modules and hawala operators. The sources said government has already asked telecom companies to make possible monitoring of content transmitted through Blackberry or stop the service as it was causing a major security breach.
Investigating agencies claim that the amount of fake currency in India is a shocking Rs 170,000 crore. Reserve Bank of India officials dispute this figure and say that as on July 2008, the total currency available with the Indian public was Rs 603,000 crore and if what the IB is saying is true, then it would mean that 28 per cent of the currency in the country is fake.
Funds are instrumental in the success of a terrorist operation and India's war against terror will not be complete unless it acts upon this crucial aspect.
The agency alleged that Shahid is "one of several Indian contacts of Bhat" who have been in telephonic contact with him to receive the money transfer codes.
The Mumbai police named a person by the Amir Raza Khan, who is allegedly controlling the IM from Pakistan. Amir Raza Khan, according to the Intelligence Bureau, is a mafia don who used to operate from Bangladesh. An IB official told rediff.com that Khan shuttled between Bangladesh and Pakistan, and was linked with the Harkat-ul-Jihad-al-Islami, which was responsible for the attacks at Hyderabad and Ajmer last year.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
Rana Gurjit denied the charges saying neither he nor his company - Rana Sugars Limited - has any direct or indirect stakes in sand mining business.
Special Judge Poonam Chaudhry sent Dinakaran and his aide Mallikarjuna to Tihar Jail till May 15 after the police said that the accused were not needed for custodial interrogation.
The APG released its much-awaited 228-page 'Mutual Evaluation Report' on Saturday, 10 days ahead of the key Financial Action Task Force's plenary meeting which will give its decision on Pakistan's 'grey list' status.
If foreigners need reasonable taxes, why offer citizens something else? If foreign businessmen look for assurance on the rule of law, so do citizens, argues T N Ninan.
Two entities under the Union ministry of commerce report differing figures for import of cut and polished diamonds for the first eight months of the financial year.
Invest in stocks of export-oriented and capital-intensive companies, says Devangshu Datta.
The chances of the posts opening remain slim, with security agencies recently identifying 10 suspects who smuggled in weapons, narcotics and fake currency.
Dr Somaiya also said that Ali is facilitating few other major political leaders.
On Wednesday, the special MCOCA court in Mumbai awarded death sentences to Kamal Ahamed Ansari, 37, Mohd Faisal Shaikh, 36, Ehtesham Siddiqui, 30, Naveed Hussain Khan, 30 and Asif Khan, 38, for the role they played in the 7/11 Mumbai train blasts, which claimed the lives of 188 people.
NIA says he has also given the names of overseas Hizbul Mujahideen members involved in fund-raising for the terror outfit.
The company releases documentary showing top executives of dozens of realty firms offering to launder black money.
Tax sleuths have detected over Rs 52 crore of unexplained cash in jewellers' bank accounts
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