Monday, November 30, 2009

Former jharkhand CM Madhu Koda Arrested


Former Jharkhand Chief Minister Madhu Koda was on Monday arrested by the state Vigilance Commission, nearly two months after a case was registered against him in a multi-crore hawala scam."We have reached at a stage when his arrest was necessary. We had taken the arrest warrant from the competent court," Inspector General of Police, Vigilance, M V Rao said.38-year-old Koda, who is being jointly investigated by the vigilance commission, Income Tax department and Enforcement Directorate, was arrested from the Chaibasa district of the state.Koda had repeatedly avoided appearing before the Enforcement Directorate and the state vigilance commission in connection with the disproportionate asset and the Prevention of Money Laundering case against him and his close associates. Sources in the ED said the Directorate will also join the questioning of the former CM.During raids on his premises, the IT department had claimed to have found evidence of hawla transactions and illegal investments running into more than Rs 2,000 crore. The Enforcement Directorate had registered a case against him on October 10.

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