Former Jharkhand CM Koda arrested in money laundering case - India News and Travel Times Provides India-centric and other News and Features

Jharkhand Police arrested former state Chief Minister Madhu Koda in Chaibasa District on Monday. Koda, who was facing charges of having disproportionate assets, was also charged for misutilisation of over Rs 4,000 crore when he was chief minister. Earlier, the Enforcement Department (ED) had asked Koda to appear before it for questioning, but he skipped all questioning. Koda has claimed he is innocent and added that all charges of illegal investment in various companies, were baseless. He also alleged that his adversaries were playing dirty tricks to tarnish his image before the assembly polls and warned that he would expose them at an appropriate time. On October 9, the ED 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 the Lok Sabha and a UPA supporter, has been charged with having business interests of diverse kinds, including in cement, steel, auto, power, agro and tourism.