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.
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.
Former Jharkhand Chief Minister Madhu Koda did not spare even government schemes to allegedly make illegal profits for himself, according to the Income Tax Department. The IT department officials, who have been scrutinising the voluminous documents of Koda, alleged that the former chief minister had made an investment through his associates in the government-sponsored rural electrification programme in Uttar Pradesh and earned a profit worth Rs 30 crore.
The passport of Sanjay Choudhary, close aide of former Jharkhand Chief Minister Madhu Koda, has been revoked as part of the investigations into the alleged multi-crore illegal investment and hawala racket involving the duo and some others.Sources said Choudhary, who is alleged to be the main money bag for Koda, is currently hiding in Dubai.
"There is a threat to my life. There is a conspiracy to annihilate me. I am a victim of conspiracy. I know who are doing all this. Whatever being published in the media is baseless," Koda told newsmen just before entering Chaibasa, about 250 km from Ranchi.
According to jail sources, the Directorate had given to Koda a questionnaire of over 100 queries that it had prepared based on the investigations carried out by it over the last three months and the statement of Koda's aide Vikash Sinha.
The Income Tax authorities on Saturday took into possession some files relating to allotment of mining leases since 2004 when Madhu Koda, who is accused of hawala transactions, was the Jharkhand mines minister.
The income tax department on Wednesday sealed some rooms and almirahs at the Ranchi residence of former Jharkhand chief minister Madhu Koda, embroiled in the alleged hawala transaction and illegal investments running into more than Rs 2,000 crore.
Jailed former Jharkhand chief minister Madhu Koda on Tuesday refused to eat till demands of prisoners for proper food were looked into and filed a police complaint that he suffered fracture in his hand when he was assaulted in the high-security jail in Ranchi.
All United Progressive Alliance allies, which supported the erstwhile Madhu Koda government in Jharkhand had shared the "profits of crime" which surfaced after the unearthing of the money laundering scam, Bharatiya Janata Party leader Arun Jaitley said on Sunday.
The Directorate, which is probing charges of huge illegal investments and hawala transactions against Koda and his associates, got an approval order from the adjudicating authority under the Prevention of Money Laundering (PMLA) Act in New Delhi.
If there were people willing to offer bribes worth crores of rupees there were definitely other people who were willing to stand behind Madhu Koda's shoulder, offering hints about investing all those rupees. Who were they? asks T V R Shenoy.
Koda, scheduled to face a trial of strength in a special session of the assembly on August 25, had been insisting on a meeting of the UPA to sort out the differences instead of airing views here and there. The chief minister added that he would place his views to them of his performance in past two years, which he thought would justify his claim to complete the tenure.
The JMM has convened a crucial meeting of the party's central committee and legislature party on Sunday where a formal decision of withdrawal would be made. Soren is scheduled to call on Governor Syed Sibtey Razi after the party meeting as Razi has allowed his request for an appointment at 7 pm, Raj Bhavan sources said.
Former Jharkhand chief minister Madhu Koda, who is on a fast in hospital in protest against being allegedly assaulted in jail, on Wednesday agreed to drink milk on doctor's advice.
Rashtriya Janata Dal chief Lalu Prasad on Monday declined to comment on the ongoing probe into the alleged hawala transactions and investments involving former Jharkhand chief minister Madhu Koda. "I will not comment as the topmost investigating agencies, the Enforcement Directorate and the Income Tax Department, are conducting their probe. The media should not be a police officer nor is it competent (to reach conclusions)," Prasad told reporters.
Former Jharkhand chief minister Madhu Koda was arrested on Monday morning in the Hawala scam totaling to about Rs 2,000 crore.
The Jharkhand high court on Thursday directed the state to produce a progress report on November 12 on the vigilance probe into the disproportionate assets case against former chief minister Madhu Koda and some of his former cabinet colleagues.
Devendra Mukhia, an alleged aide of former Jharkhand Chief Minister Madhu Koda, on Monday surrendered before the Income Tax Department in Ranchi, which wants to probe his involvement in the alleged hawala and illegal investments case. Mukhia is among the four persons who had failed to meet the November 6 deadline, set by the IT department, to appear before it for questioning in connection with Rs 2000 crore hawala transactions and illegal investments case.
Former Jharkhand chief minister Madhu Koda, who is under the Income Tax scanner for alleged hawala transactions, was on Tuesday admitted to a hospital in Ranchi after he complained of illness.
Jharkhand Chief Minister Madhu Koda on Tuesday said he would seek the trust vote in the assembly on August 25 and expressed confidence that his government would win the confidence vote.
The Enforcement Directorate will soon move a court to revoke the passport of a close aide of arrested former Jharkhand chief minister Madhu Koda, who is believed to be in Dubai.Official sources said Sanjay Chowdhary, Koda's aide and the suspected front-man for all alleged dubious deals of the former chief minister, had left for Dubai as soon as the ED had registered a case under the Prevention of Money Laundering Act in the multi-crore scam.
Funds diverted by associate to Dubai.
The special judge, Pankaj Kumar, ordered issuance of letters of request in the name of the five countries to enable ED officials to conduct investigation. SR Das, the counsel for ED told the court that the visit was necessary as the agency had unearthed facts about the illegal investments and hawala transactions made in these countries by the accused.
The country-wide raids by the Income Tax teams on properties allegedly owned by former Jharkhand chief minister Madhu Koda and his associates continued for the second day on Sunday.
Non-bailable arrest warrants have been issued against seven aides of former Jharkhand chief minister Madhu Koda including an Indonesia- based businessman in connection with the multi-crore illegal investments and hawala case being probed by the Enforcement Directorate.
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 Income Tax department has begun sealing properties and issued prohibitory orders around the premises of former Jharkhand chief minister Madhu Koda and his associates in the alleged hawala transactions and illegal investments case.
"Sanjay Choudhary is in Dubai now. It appears he was arrested and secured bail there. We will send an officer to Dubai to tie-up with Dubai police and get details as to how to bring him to India," CBI's senior most official said in Ranchi.
A special team of the Enforcement Directorate will soon visit several countries as part of its probe into the alleged multi-crore hawala and illegal investment case against former Jharkhand chief minister Madhu Koda and his associates.
Jharkhand Chief Minister Madhu Koda has assured Arcelor Mittal, the world's largest steel making company
A close associate of former Jharkhand Chief Minister Madhu Koda was brought back to New Delhi on Tuesday night from Indonesia by Indian agencies after the fugitive businessman was detained there following an Interpol notice against him for alleged money laundering charges.
Property worth Rs 144 crore, which includes 25 flats and a shopping mall, has been attached in connection with the disproportionate assets case against the alleged associates of former Jharkhand Chief Minister Madhu Koda.
The Rashtriya Janata Dal on Saturday announced its support for Jharkhand Mukti Morcha chief Shibu Soren in forming the next government in Jharkhand after the resignation of incumbent Madhu Koda.Prasad also dismissed the recent statement of Koda in which he had said he was not joining any government and had dubbed the current political situation 'ill-timed and unnecessary' as just an outburst.
The ruling Jharkhand Mukti Morcha-led alliance won all five seats, performing particularly well in Singhbhum, Rajmahal, and Dumka.
Jharkhand Chief Minister Madhu Koda on Tuesday smoothly sailed through a threat to his government by defeating an opposition sponsored no-confidence motion by 41-33 in the 81-member Assembly.
A case was registered against former Jharkhand chief minister Madhu Koda and three of his cabinet colleagues by the Enforcement Directorate on Friday for alleged money laundering, diversion of state funds and making huge investments abroad without legal sanction. The ED filed a Enforcement Case Information Report (equivalent to a FIR) before the Prevention of Money Laundering Act court in Ranchi against Koda, Kamlesh Singh, Bhanu Pratap Shahi and Bhandu Tirkey.
Former Maharashtra Chief Minister Ashok Chavan and ex-Jharkhand CM Madhu Koda were on Monday asked by the Election Commission to appear before it on May 23 for allegedly giving incorrect accounts of their poll expenses.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances