New Delhi: Former Jharkhand Chief Minister Madhu Koda continues to claim that he is “innocent and is being framed” but it seems words may be his only defence.
With each passing day things have got worse for Koda. CNN-IBN has access to documents which reveal that the Enforcement Directorate (ED) is set to file charges against Koda and his former colleagues.
Koda will be charged under Section 420 and 120-B of the IPC, both related to cheating and committing fraud. He will also be booked under Prevention of Money Laundering Act.
Koda’s colleagues Kamlesh Singh, Bandhu Tirkey and Sanjay Chaudhary will also be booked under similar charges.
The focus though, is on Binod Sinha who is a friend and key aide to Koda. Sinha is being charged of investing Rs 200 crore in real estate. He reportedly deposited as much as Rs 20 crore on several occasions in a Jamshedpur bank with the following account number: 006810114844001.
Sinha allegedly floated 14 companies in India and two companies in Dubai in collaboration with Sanjay Chaudhary. The cost of the much talked about mine in Liberia – $17 lakh – was all paid for in cash by Koda.
Till 2007, Koda was only investing in real estate. During this time he was a minister but his fascination with mines started in 2007 when he became the Chief Minister of Jharkhand.
Among others, Koda’s aide Tirkey reportedly bought flats in Delhi’s Vasant Vihar for Rs 8 crore.
The Income Tax department sleuths questioned Koda at his residence in Ranchi, after having discontinued it in the wake of his illness on November 3.
Koda has also been summoned by the ED on November 15. With evidence against him and his associates increasing by the day, his arrest seems to be imminent. But will he go down alone or will there be other big names as well who were his partners in crime?