Madhu Koda moves bail in PMLA court

Former Jharkhand Chief Minister Madhu Koda, who is facing multiple corruption charges and is in judicial custody, Friday moved a bail petition in a Prevention of Money Laundering Act (PMLA) court.

Ranchi: Former Jharkhand Chief Minister
Madhu Koda, who is facing multiple corruption charges and is
in judicial custody, Friday moved a bail petition in a
Prevention of Money Laundering Act (PMLA) court.

In his bail petition, Koda`s counsel B N Tripathy said
his client should be given bail as the Enforcement Directorate
has "failed" to chargesheet him within the stipulated time.
The petition will come up for hearing in the court
tomorrow.

The ED`s special public prosecutor S R Das said the
bail would not stand as the ED has neither arrested Koda nor
taken him in remand.

Das yesterday said the ED had interrogated Koda.

Koda was arrested by the vigilance sleuths on November
30 in connection with the disproportionate assets case, now
pending in the special vigilance court.

The ex-CM is facing investigations from the ED, the
income tax department and the vigilance bureau in connection
with corruption charges.
The ED had booked him last year on hawala charges and
in subsequent raids, the IT department claimed to have
stumbled upon Rs 2000 crore illegal investments and hawala
transactions by Koda and his associates during his chief
ministerial term.

PTI

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