Koda arrest imminent by ED; IT traces accounts in Switzerland
As ED waits to arrest former Jharkhand CM Madhu Koda, Income Tax department claimed to have stumbled upon documents showing that he and his associates had allegedly stashed huge sums of money in Swiss banks.india Updated: Nov 05, 2009 22:51 IST
As Enforcement Directorate waits to arrest former Jharkhand Chief Minister Madhu Koda, Income Tax department on Thursday claimed to have stumbled upon documents showing that he and his associates had allegedly stashed huge sums of money in Swiss banks.
The IT department has also handed over these documents to the Enforcement Directorate which would be sending in a letter of request to Swiss authorities for ascertaining the exact amount allegedly stashed by Koda and his associates, official sources said.
Besides Switzerland, the bank documents suggested that the former Chief Minister and his associates had allegedly stashed money in countries like Thailand and Mauritius, according to the IT department.
38-year-old Koda, who headed the mineral-rich state for two years from 2006 to 2008, was facing an imminent arrest by the ED, as the entire scam, intially believed to be a little over Rs 2,000 crore, was turning murkier and bigger.
Koda was admitted to the ICU in the Abdur Razzak Weavers' Memorial Hospital of the Apollo Group in Ranchi on Tuesday complaining of high blood pressure and stomach ache. He was shifted to a special ward on Thursday.
The IT department and Enforcement Directorate have also asked the hospital to let them know before discharging Koda, according to Medical Superintendent Dr P D Sinha.