A day after his arrest, former Jharkhand chief minister Madhu Koda now faces charges of allegations of fake companies even as 5 IAS officers are questioned in connection with the 4000-crore rupees money laundering scam.
Reports said quoting IT officials that transactions worth hundreds of crores were carried out in these fictitious companies by Koda. Also, he deposited huge amount of money in the bank accounts of his close aide Manoj Punamia from these companies.
Balaji Bullion is one such companies existing only on paper and is said to be a fake company, said report. The company is said to be a part of Balaji group headed by Koda’s front man Punamia.
Koda is likely to be interrogated soon by the Income Tax and Enforcement Directorate.
In the meantime, it is learn that five IAS officers of secretary and additional secretary level are also being probed in the multi-crore scam.
The IAS officers suspected to be involved are former Principal Secretary of Mining and then Secretary of Mining. Curiously all five are still serving officers.
Madhu Koda was arrested on Monday from Chaibasa district in Jharkhand by the local authorities and is expected to be handed over to ED would seek approval from a Jharkhand court and then bring him to national capital.
The 38-year old leader was dodging the probing authorities for months on the grounds of health and the ongoing Jharkahnd Assembly elections.