ED to summon Koda and his men for Hawala transactions

New Delhi: The Enforcement Directorate will summon former Jharkhand Chief Minister Madhu Koda for questioning on the Hawala transactions by him and his associates under the Prevention of Money Laundering Act.

The Directorate has also taken copies of vital documents of investments and ownerships of Koda and his associates in Ranchi from IT authorities.

"Yes, Koda would soon be called for questioning regarding the Hawala transactions under the PMLA Act," official sources said.

A team of ED officials is also in the process of taking copies of the seized documents which surfaced during the searches conducted by the IT department, they said.

Sources said the notices for production to Koda and his associates would be served soon.

Meanwhile, building a tight case against the former chief minister and his associates, the tax department has also started putting the evidence recovered on record to be sent to its higher authorities.

The ED had registered a case against Koda on October 9 for alleged money laundering, diversion of state funds and making huge illegal investments abroad including purchase of mines as far as in Liberia.

Bureau Report