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Blocking the exit route for Koda's men
NDTV Correspondent, Friday November 6, 2009, Ranchi

The Enforcement Directorate has issued an alert to airports across the country to prevent former Jharkhand chief minister Madhu Koda's aides - Binod Sinha and Sanjay Chaudhary - from fleeing the country. They have been barred from fleeing the country.

Both Sinha and Chaudhary have allegedly played a key role in the 4000-crore assets scam. Sources investigating the case say the scam could be "much wider than we know". The deadline to surrender ends today for the two close aides of Koda.

Binod's brother Vikas may be arrested today.

Besides, hawala traders Arvind Vyas and Manoj are emerging as key players in scam.

Koda who is at the centre of the whole affair, is likely to be arrested as soon as he is released from hospital. He was taken out of the ICU on Thursday. Dr PD Sinha of the Apollo Hospital said Koda would be kept under observation and was unlikely to be discharged today.

The former CM has been accused of large-scale corruption since 1999, when he became a minister in the new state of Jharkhand in the year 2000.

Income Tax sources say his assets that amount to 1/5th of Jharkhand's budget, grew after he got the key mines portfolio in this mineral-rich state.

But sources say he was not alone in this whole affair. He was helped by two associates -Binod Sinha and Sanjay Chaudhary.

Binod Sinha owns a tractor company in Chaibasa, the district where Koda began his political career. He used Koda to broker mining deals. His assets are worth Rs 200 crore.

Koda and Sinha have been good friends for years. Koda allegedly acquired assets and made investments in Sinha's name.

In return, Sinha pushed Koda to give lucrative mining contracts to businessmen who paid him money.

In the last eight years, by brokering these deals, Sinha allegedly made Rs 200 crore.

But Sinha has denied his involvement in the scam. "I am a small businessman. This is a political conspiracy," he says.

Sanjay Chaudhary, who runs a small construction material business in Jamshedpur. He hit the jackpot after he started supplying construction materials for public works projects, a business that brought him close to Koda.

He too invested Koda's money in various projects, properties and countries. In return, he used Koda's contacts to build his personal fortune.

Today Chaudhary allegedly owns stakes in 16 companies - two of them are Dubai-based and several of them are big power and mining entities.
 
 
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Comments
Posted by Karthik C on Nov 06, 2009
What is the use, any way all three will be out of this whole issue in a matter of time.
Posted by Mohammed Salar on Nov 06, 2009
We have been getting such news regarding the politicians scams of thousands of cores of public money, but till today no one has been brought to justice or we have not seen any one punished. We have heard many such stories through the media but after few days the scam of crore's fades away. In the begning it is given to understand that the authorities are taking severe action but again nothing happens. I request your media to go deep into this matter and find out why the politicians dare to do such big robberies again and again and why we are not able to take any action towards them, are the laws of our country so mild that nothing could be done to stop this. The duty of a leader is to serve its people and not to be a king or a ruler to rule and take the treasure of the people to be their own.We expect these leaders to do good jobs for the people and the country. We bring these leaders to power hoping they do some good job but most of them seem to serve only themselves. My suggestion would be that we make capital punishment for such leaders if proven guilty,(as such punishments have given some good results in some countries, like China)because they have betrayed their people and cheated their position.
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