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ED set to attach assets worth Rs 143 crore

Stepping up its action in the alleged multi-crore money laundering case involving former Jharkhand chief minister Madhu Koda, the Enforcement Directorate (ED) has decided to attach properties worth Rs 143 crore belonging to his close aides.

The orders for attachment of these properties spread in cities like Pune, Mumbai, Bangalore, Ranchi and Jamshedpur will soon be issued and later be sent to the agency’s investigations unit in the Jharkhand capital, sources said.

The properties, according to the sources, belong to the associates of Koda including those of businessman Anil Bastawade who was brought from Indonesia recently after the Interpol informed the ED about his presence in the foreign land.  Assets of other Koda aides like Manoj Punamiya have also been attached under the stringent provisions of the Prevention of Money Laundering Act (PMLA) on Friday, sources added.

The ED has been probing Koda and others for allegedly making illegal investments and transactions by corrupt means and laundering during the time he was the state chief minister.

Bastawade is claimed by the investigators to be one of the crucial persons in the case and he is being continuously grilled by ED sleuths since he was brought to Ranchi last month.

Bastawade, investigators claim, helped Koda and his other associates to invest and purchase a number of properties in the middle-east, Indonesia and Thailand. He is the seventh accused arrested after Koda, Binod Sinha, Vikas Sinha, Manoj Punamiya, Arvind Vyas and Vijay Joshi.


SC BALM FOR KODA, AIDE; TO REMAIN IN JAIL


Jharkhand’s ex-CM Madhu Koda and his aide Vikash Kumar Sinha were on Friday granted bail by apex court for their alleged role in a money laundering case. They would , however, remain in jail in connection with bribery and other offences. A bench comprising justices HL Dattu and Ranjan Gogoi said the trial court hearing their case in Ranchi will fix the conditions for grant of bail.
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