Article: India: Koda amassed Rs 2000 crore.

Byline: shiv03

The Income Tax Department and the Enforcement Directorate (ED) conducted raids at 70 places in eight States associated with former Jharkhand Chief Minister Madhu Koda and his associates, Sanjay Chaudhary and Binod Kumar Sinha, on Saturday. According to preliminary revelations, unaccounted assets and investments of about Rs 2,000 crore were found by the I-T sleuths and ED officials. This includes investments in companies in Mumbai, Kolkata and Lucknow to the tune of Rs 1,500 crore and Rs 400-500 crore in hawala transactions.

During the raids in Kolkata, Mumbai and Lucknow, documents have been found suggesting huge investments. Dozens of ...

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