There is no end to the story of financial profligacy of the former Jharkhand chief minister Madhu Koda. Income tax officials have found documentary evidence that reveal that a Koda frontman was negotiating to acquire a SEZ in Noida.
The documents seized by officials reveal that Manoj Punamiya, who was acting on behalf of Koda associate Binod Sinha, was in advance stages of negotiation for a SEZ in Noida. Punamiya’s involvement in the illegal transaction had earlier figured in a hawala transfer of Rs 500 crore ($100 million) to one Abdul bhai in Dubai. Documentary evidence had been seized by IT officials during last weekend raid of Punamiya’s premises in Mumbai.
Meanwhile, complaints of ill health proved to be little protection for the former Jharkhand CM. On Wednesday, IT and enforcement directorate officials also questioned Mr Koda as and when allowed by the doctors. The enforcement directorate also served summons to the former chief minister to appear before them for questioning on November 11 and 12.
More : economictimes.indiatimes.com
Send an E-Mail for Noida Property Enquiry!
Related News from Noida
Hawala dealer from Indonesia and Koda’s CA key to probe
Indonesia-based hawala dealer Anil Vastawade and chartered accountant S K Naredi have emerged as key in the alleged money laundering case against Madhu Koda with investigators saying they were the main facilitators” for money transfers and property acquisitions by the former Jharkhand Chief Minister and his associates. Officials in the Enforcement Directorate (ED) said that Vastawade — earlier based in Dubai — has been on their radar for several months. Two hawala dealers named in the case Arvind Vyas (already questioned) and Manoj Punamia (absconding) are known to have made huge transfers to Vastawade. Officials said they will soon request
Koda crores laundered at SEZ
At a time when exports had hit a slump and many businesses had folded up, there were a few shining exceptions. One SEZ thrived in times of crisis. It is only now that the Enforcement Directorate has found that the balance sheets did not tell the real story. Investigation into the ‘Great Jharkhand Loot’, allegedly involving former CM Madhu Koda, has revealed a bigger scam at the Noida Special Economic Zone (NSEZ) concerning fictitious trade in gold and diamonds besides a land swindle. The scale of the scam runs into several thousand crores. Sources said the SEZ in question had