SC notice on bail plea of Madhu Koda`s aide
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Last Updated: Monday, June 27, 2011, 21:07
  
New Delhi: The Supreme Court on Monday sought the response of Jharkhand government and Enforcement Directorate on the bail plea of former state Chief Minister Madhu Koda's aide Vikas Sinha, arrested for allegedly siphoning off money abroad and making illegal investments in various firms.

A vacation bench of justices P Sathasivam and AK Patnaik sought the response, issuing notices on Sinha's plea who sought bail on the ground that he has been accused under the Prevention of Money Laundering Act (PMLA) in a case relating to the scam and has already been behind the bars since 2009.

"CBI has not arraigned me (Sinha) in its charge sheet. I am only an accused by the ED in a case. My involvement is alleged only against one of the properties," said counsel Altaf Ahmed appearing for Sinha.

"Three years is the maximum sentence for the charges I am accused of. I'm being kept in custody since my arrest in 2009. Nothing has moved since then," he added.

The apex court had on September 19 denied bail to Sinha but had granted him liberty to seek the relief after three months.

Sinha has approached the apex court challenging a Jharkhand High Court order of March 11, this year, refusing him the bail saying "it is a case of loot and laundering of huge public money in which the petitioner (Sinha) is also actively involved."

Counsel for Sinha has challenged the high court order saying "active involvement has to be specified while denying bail."

Sinha, brother of another associate of Koda, Binod Sinha, was the first person to be arrested by ED in its probe relating to money laundering and illegal investment charges against the former chief minister.

CBI, which was asked by the Jharkhand High Court to probe the case in August 2010, had arrested Binod from the national capital on September 8, 2010.

Vikas Sinha has been accused by ED of investing illegal money on behalf of Koda and his other associates.

He was questioned by both ED and Income Tax sleuths for investments in India and abroad through some bullion companies in Mumbai.

ED had alleged Sinha, in collusion with the other accused including his brother and Madhu Koda, acquired and accummulated movable and immovable properties and assets in India and abroad.

Sinha, following the apex court's order granting it liberty to move a fresh petition, had unsuccessfully sought bail from a special court at Ranchi and then from the high court.

PTI


First Published: Monday, June 27, 2011, 21:07


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