I-T dept questions Koda; ED team to visit Mumbai
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Last Updated: Wednesday, November 11, 2009, 00:46
  
Ranchi: Expanding its probe into multi-crore rupee alleged hawala and illegal investments case against former Jharkhand Chief Minister Madhu Koda, an Enforcement Directorate team will leave for Mumbai tomorrow to ascertain his alleged investments in Bollywood and some companies set up there by him and his associates.

The Income Tax department sleuths today questioned Koda at his house in Ranchi, after having discontinued it in the wake of his illness on November three.

The ED team will head to Mumbai to gather documents and bank statements of certain companies which were allegedly set up by Koda and his associates.

Official sources said the team will also seek additional information on certain allegedly hawala transactions through which Koda and his associates, booked under the Prevention of Money Laundering Act, invested in benami properties abroad.

Sources said ED has also issued summons to certain companies in Mumbai whose name cropped up in documents seized by the I-T department during its countrywide searches on the premises of Koda and his partners on October 31.

The enforcement agency is also probing Koda's alleged investments in Bollywood, they added.

Sources said the help of other economic enforcement agencies would be sought in investigations into the over Rs 2000 crore case.

Meanwhile, the ED could not question one of Koda's associate Vikas Sinha, currently in its custody, as he was under treatment for kidney stone, sources said.

Koda, who is being probed for alleged diversion of government funds and corruption in awarding various contracts during his tenure as Jharkhand Minister of Mines and later as the CM, is scheduled to appear before the ED on November 15 in the national capital.

Koda was Mines Minister in BJP government headed by Arjun Munda in 2004 and had taken over as CM in September 2006.

Munda today said he would cooperate with any investigating agency in connection with the case against his former cabinet colleague.

Bureau Report


First Published: Wednesday, November 11, 2009, 00:46


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