Former Jharkhand CM Madhu Koda booked under PMLA

The ED filed a Enforcement Case Information Report (equivalent to a FIR) before the Prevention of Money Laundering Act court in Ranchi against Koda, Kamlesh Singh, Bhanu Pratap Shahi and Bhandu Tirkey besides five others.

The ministers including Koda, who was the chief minister between February 2005 and August 2008, have been accused of amassing properties worth hundreds of crores including those in places like UAE, Thailand, Indonesia, Singapore and Liberia.

Quoting from the ECIR, sources said Koda, who was the first independent candidate to become a chief minister, has been named for purchase of mines in Liberia worth USD 17 lakh (Rs 8.5 crore).

Most of the assets by Koda, ironically the first chief minister to be booked under PMLA, was purchased in the name of a close confidant Binod Sinha, once a tractor mechanic.
As per the ECIR, the properties in the name of Sinha runs into several hundred crores of rupees.

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