Ranchi: A special CBI court on Monday rejected
the bail plea of former Jharkhand Chief Minister Madhu Koda,
who is facing charges of money laundering and illegal
investment cases.
CBI's special court of NN Singh rejected the petition
after the central investigating agency objected contending
that investigations were on and his release would affect the
probe.
Koda, who is in judicial custody since November 30, 2009
after his arrest by the vigilance bureau, cited health ground
in his bail petition.
Four investigation agencies - CBI, ED, Income Tax and
the state vigilance bureau - are probing into separate cases
of money laundering, illegal investments and disproportionate
assets cases against Koda, who had been at the head of UPA
government for 23 months between 2006 and 2008.
The IT/ED raided 70 premises of Koda and his alleged
associates on October 31, 2009 in this connection.
Earlier too, Koda's bail applications were rejected by
various courts.
PTI
First Published: Tuesday, May 31, 2011, 00:09