Madhu Koda News, Madhu Koda hospitalized
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Madhu Koda News
In a bid to evade questioning over alleged scam of Rs 2000 crore, former Jharkhand chief minister Madhu Koda today ducked IT officials and hospitalized.
Madhu Koda checked in Apollo Hospital in Ranchi after complaining acute stomach pain. Koda complained of acute stomach ache after CBI started grilling him in the alleged multi-crore hawala scam.
Koda was accused of hawala transactions in multi-crore tax evasion scandal.
The sleuths of Income Tax department conducted raids at several associated firms of Madhu Koda and found Rs 2000 crore illegal investment documents.
Earlier, IT officials said that Koda was not cooperating with us during the interrogation. IT officials were questioning Koda at his Ranchi house.
IT department conducted raids in Lucknow, Delhi, Jaipur, Ranchi, Chaibasa, Mumbai and several other places to unearth his scam.
Meanwhile, the Income Tax department has been planning to approach Interpole to disclose his foreign investment.
CPI-ML demands Madhu Koda’s ouster from LS
The CPI (ML) today demanded that the Lok Sabha Speaker initiate steps to oust Union Minister for Telecommunication A Raja and Lok Sabha member from Singhbhum Madhu Koda following raids by CBI and income tax sleuths recently.
At a meeting at Gama in Giridih district, party general secretary Dipankar Bhattacharya said,”Lok Sabha Speaker should take measures to cancel his (Koda’s) membership from the Lok Sabha following ongoing raids being conducted by IT officials at 70 locations across the country in regard to disproportionate assets.”
Similarly, the Speaker should also take steps to oust Union Telecommunications Minister following CBI raids, he said.
Charging the then UPA and NDA governments in Jharkhand with corruption, Bhattacharya alleged no government in Jharkhand did anything good for the common man during their tenure.
Koda not cooperating in probe, says I-T department
Former Jharkhand Chief Minister Madhu Koda was not cooperating fully with the Income Tax department in the investigation against him for amassing wealth illegally, a senior official said on Monday.
Koda was interrogated on camera on Monday so that his statements are recorded on video for proof while the I-T Department and Enforcement Directorate officials continued searches in cities across the country for the third day on Monday.
“Koda is not fully cooperating in the investigation,” I-T department’s Director General for Investigations Anjani Kumar told reporters in Ranchi, adding search operations are still going on at some places.
I-T sources said Koda had provided information about investments made at different places, the network used to invest money and people involved in the illegal transactions.
An official press release on Monday said the I-T department is continuing its search and seizure operations under provisions of the Income Tax Act and has summoned six people for questioning.
The six who have been asked to appear before the department Nov 6 are Vinod Kumar Sinha, Sanjay Chaudhary, Devendra Mukhiya, Basant Bhattacharya, Manoj Punamiya and Anil Bastawde. Sinha and Chaudhary are close associates of Koda.
“If they fail to appear on the said date, the department will be constrained to take strict legal actions as permissible under various laws,” the statement added.
Both Sinha and Chaudhary have not yet appeared before I-T officials. On Saturday, I-T officials said legal action would be initiated if they did not report by Sunday evening. Airport authorities have now been alerted so that they do not flee the country, officials said on Monday.
The I-T department, which is probing a disproportionate assets allegation against Koda and his associates, Saturday conducted raids at 70 places in eight cities and discovered documents relating to illegal transactions worth Rs 2,000 crore.
The searches continued Sunday and Monday to gather evidence of corruption against Koda and his associates with searches being conducted at seven new places Monday, officials said.
According to sources, documents related to investments of Koda, Sinha and Chaudhary have been seized. The sources said day and night searches may continue for the next two to three days.
“This is one of the largest raids against people who have developed network not only in different Indian states but also in many foreign countries,” an I-T source told IANS.
The IT officials have seized a laptop, hard disk and documents from Koda’s houses and are investigating his links with a resort in the Andamans.
Over 70 bank accounts and lockers have been frozen so far and the process has been initiated to freeze the bank accounts of Sinha and Chaudhary. The sources also revealed that jewellery worth over Rs. 2 crore, cash amounting to Rs 2.7 crore and investments related documents have been found from various places during the searches.
The I-T and Enforcement Directorate sleuths are focusing on the raids in Mumbai.
“In Mumbai, the documents seized showed the illegal transaction in three companies raided and money sent to foreign countries through Hawala is more than Rs.2,500 crore,” said an informed source in the I-T department.
According to I-T officials, Vinod Sinha apparently owns three firms in Mumbai and their transactions in the last one-and-a-half years are – Balaji Bullion Corporation (Rs 360 crore), Balaji Bullion Bazar (Rs 990 crore) and Balaji Bullion Commodities (Rs 100 crore).
I-T officials have also seized documents worth Rs.550 crore sent through hawala to Dubai, Thailand, Malyasia and African countries and Interpol help might be sought to probe the case, the source said.
Raids are continuing at more than 100 people’s houses and companies in Ranchi, Jamshedpur, Chaibasa, New Delhi, Mumbai, Kolkata, Lucknow and Ghaziabad among other places. The houses of Sinha and Chaudhary’s chartered accountants in Ranchi and Jamshedpur have also been searched, officials said.
Posted: November 3rd, 2009 under buzz.
Tags: Madhu Koda