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Sunday, July 10, 2011

BIGGEST GREEDY CM OF A SMALL STATE: ED to attach Koda’s overseas assets!

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How to slay the demon of graft
The Enforcement Directorate (ED), probing the multi-crore hawala racket involving former Jharkhand chief minister Madhu Koda and his five former Cabinet colleagues, is all set to initiate the process of attachment of overseas properties allegedly acquired by Koda and his associates.


Former Jharkhand CM and his five former Cabinet ministers, namely Kamlesh Singh, Bhanu Pratap Shahi, Bandhu Tirkey, H.N. Rai and Enos Ekka, have been booked under the Prevention of Money Laundering Act (PMLA) by the ED for alleged money laundering and acquiring huge movable and immovable assets by illegal means, worth several hundreds of crores, in the country as well as abroad.

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