Former Jharkhand Chief Minister Madhu Koda | ED, I-T sleuths find clinching proof against Madhu Koda
NEW DELHI : Officials of the income-tax department and Enforcement Directorate have uncovered what could be clinching documentary evidence linking former Jharkhand chief minister Madhu Koda to an international money-laundering scam.
During raids on the residence of Mr Manoj Punamia, in Mumbai, officials found document pertaining to hawala transfer of Rs 500 crore ($100 million) through ‘Abdul bhai’ in Dubai. Sources said that Mr Punamia was working at the behest of Mr Sanjay Chaudhary , a known associate of Mr Koda. Additionally , raids at the premises of Balaji Bullion produced documentary trail for a transfer of Rs 50 crore ($10 million) to Dubai. Known associates of Mr Koda, Mr Binod Sinha, Mr Arvind Vyas and Mr Sanjay Chaudhary are directors in this company.
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