Jharkhand (Ranchi): Ranchi Ex- chief Minister Madhu Koda and his associates continue to surprise investigators probing what is being referred to as the Great Ranchi and all Jharkhand Robbery. Madhu koda has claim to be a humble tribal and his smart to acquire mines in Liberia and Thailand, they also knew how to spirit away the money they allegedly made by handing over mining leases to different corporate banks in Switzerland. When Income Tax Department conducted searches on the alleged properties Koda and some of his close associates allegedly acquired in several cities across the country. The discovery of the Swiss dimension of the Jharkhand Loot coincided with the arrest of Vikas Sinha, one of accomplice on Madhu Koda. Zaveri Bazar branch to the Union Bank of India failed to find anything amiss about Rs 61 crore that the Koda cartel deposited with it. Madhu Koda did not waste much time after he, helped by political uncertainty and a group of Independents, maneuvered his way into the chief minister's office in September 2006.Madhu koda was accused indulged in money laundered in a big way using both the banking channels and illicit hawala means hoodwinking the due diligence mechanism and intelligence agencies.
Friday, November 6, 2009
Madhu Koda put in Rs 61 crore in 1 month in Mumbai bank
Jharkhand (Ranchi): Ranchi Ex- chief Minister Madhu Koda and his associates continue to surprise investigators probing what is being referred to as the Great Ranchi and all Jharkhand Robbery. Madhu koda has claim to be a humble tribal and his smart to acquire mines in Liberia and Thailand, they also knew how to spirit away the money they allegedly made by handing over mining leases to different corporate banks in Switzerland. When Income Tax Department conducted searches on the alleged properties Koda and some of his close associates allegedly acquired in several cities across the country. The discovery of the Swiss dimension of the Jharkhand Loot coincided with the arrest of Vikas Sinha, one of accomplice on Madhu Koda. Zaveri Bazar branch to the Union Bank of India failed to find anything amiss about Rs 61 crore that the Koda cartel deposited with it. Madhu Koda did not waste much time after he, helped by political uncertainty and a group of Independents, maneuvered his way into the chief minister's office in September 2006.Madhu koda was accused indulged in money laundered in a big way using both the banking channels and illicit hawala means hoodwinking the due diligence mechanism and intelligence agencies.
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