SC notice on bail plea of Madhu Koda`s aide

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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