The enforcement directorate (ED) has held former Jharkhand chief minister Madhu Koda guilty of siphoning off R181 crore through deals when he was chief minister of the state from 2006 to 2008.
“A probe is on to find out the investment made by him outside the country,” ED additional director DN Poddar said.
Koda has share investments in companies such as Samriddhi Sponge, Shivam Devcon, Parwati Devcon, Milestone, Bill Body Business and Majestic Vinicom.
The former chief minister, who is now a Lok Sabha MP, is in Ranchi’s Birsa Munda jail. The state’s vigilance department arrested him in November 2009 in connection with the disproportionate assets case. The ED later prosecuted him in a money-laundering case.
The ED charge sheet said Koda had purchased a mine in Liberia, investing $1.7 million (R7.65 crore), among other things.
Poddar said Koda had invested in various companies through his associates such as Binod Sinha, Manoj Punamiya and Sanjay Choudhary.
Evidence was collected in major cities such as Delhi, Kolkata, Mumbai and Lucknow, as well as from abroad.