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IT raids on Koda, others unearth Rs 2000 cr money laundering deals | Income tax officials on Sunday continued raids at the addresses linked with former Jharkhand chief ministers Madhu Koda and Shibu Soren. On Saturday, the IT and
Enforcement Directorate officials raided 70 addresses associated with Koda in order to
strengthen a money laundering case against him. Raids were conducted at houses of
mediapersons Arup Chatterji and Prem Shyankaran, who are said to be associated with
Koda. "The raids were conducted at houses and offices of Arup Chatterji and Prem
Shyankaran . Arup was till last month reporter with Sahara News channel. He is planning
to open a news channel. Prem is a contractor who started a Hindi newspaper," said Ujjwal
Chaudhary, Director, Income Tax (Investigation). According to sources, documents
relating to illegal transaction of Rs 2,000 crore were found during raid. Properties of
Vinod Sinha and Sanjay Chaudhary - close associates of Madhu Koda - were also
raided. "We are going through the documents seized from these people. We will
say anything only after analysing the documents," an official said. On October
9, the Enforcement Directorate had charged Koda and his former Cabinet colleagues
under the Prevention of Money Laundering Act (PMLA) for allegedly amassing assets
worth several hundred crores. Koda, an independent member of Lok Sabha and a UPA
supporter, has been charged with having business interests of diverse kinds -
cement, steel, auto, power, agro and tourism. Estimated at 300-400 crore rupees,
his investments are alleged to be spread from Singapore to Thailand to Dubai to
Liberia. |
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