Business Standard
Friday, Feb 17, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Koda's interrogation likely to begin today
Saubhadro Chatterji / Ranchi Nov 09, 2009, 00:59 IST

As probe intensifies, says he’s being framed since he’s a tribal.

Jharkhand’s ex-chief minister Madhu Koda, at the centre of a spreading scandal following a probe on unaccounted money, was discharged from a hospital here this morning, where he’d got himself admitted even as central investigation agencies were wanting to interrogate him

When patients are discharged from hospital, doctors generally recommend ‘bed rest’ or ‘rest at home’ for some days. In Koda’s case, “not only he was certified medically fit but no advice for any rest was given as well”, a top source in the Apollo Group-controlled Abdur Razzak Memorial Weavers Hospital Hospital told Business Standard.

“Officials of the income-tax department and the Enforcement Directorate (ED) had sent a letter to us, asking if the patient can be subject to interrogation. We told them that he is medically fit. This means he can live a normal life,” P D Sinha, the medical superintendent of the hospital, said over the telephone.

From hospital, Koda drove his grey Indigo straight home. But before leaving hospital, he gave a caste-spin to the drama: “I am innocent. I am been falsely framed just because I am a tribal (Ho tribe).” His wife, Gita, had also come to meet the husband at the hospital and defended him: “Go and ask the officials who claim to have a lot of papers. As far as I know, they have not found anything against my husband from our house.”

The house—located at the Morabadi area of the city—itself speaks about the interesting rise in the life of Madhu Koda, who started his career as a daily-wage labourer. “Three years ago, this used to be a very small, one-storeyed house,” said a police constable on duty outside the Koda residence.

Today, the two-storeyed airconditioned building can easily serve as an advertisement for a cement or a paints company.

A team of I-T officials — led by Ujjwal Chowdhry, director of income-tax investigations — from here are in Mumbai, gateway of a large part of Koda’s alleged multi-crore fund. Investigations so far indicate, say informed sources, that Koda used Mumbai for routing most of his money in buying mines in countries like Thailand and Liberia, while Delhi, Kolkata and Lucknow became his domestic investment hubs. The I-T sleuths are expected to stay in Mumbai till at least Wednesday, according to a member of the team.

Meanwhile, Koda’s interrogation is likely to start from Monday and he may face arrest subsequently. “We are thinking of giving him rest today,” a top I-T officer told Business Standard on Sunday afternoon, when asked when the interrogation may start. The ED officials had earlier hinted that the 38-year old Independent MP from Singhbhum might be arrested soon after he came out of the hospital.

Income Tax commissioner Ajay Kumar has also been camping in Ranchi since Saturday to investigate the mining deals signed during Koda’s regime. Before becoming the chief minister, Koda was heading the lucrative mines and geology ministry during 2006 to 2008. Kumar is considered to be an expert in mines’ investigation.

This reporter was told this story by a senior politician. When Koda was the chief minister, top officials of Steel Authority of India (SAIL) rushed to meet a top UPA minister one evening. The reason: Koda had decided to give the Chiriya mines, with Asia’s largest iron ore reserves, to some a company, while SAIL needed it for various projects. The minister, with the consent of the Congress high command, telephoned Koda and told him, “Madhu, if you give away the Chiriya mine to private parties, we will ensure your government gets toppled in the next seven days.”

The dispute over Chiriya is currently pending at the Jharkhand High Court.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street opens flat as data offsets Moody's warning
- Thomas Cook India Q4 net jumps three times
- Govt plans to make 30% sourcing from MSEs mandatory
- Explain ways to cover govt loss on 3G roaming: TDSAT to telcos
- Magma Fincorp plans to start gold finance biz in H1 of FY13
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- We live for our family. have you secured them?
- Office 365 for professionals and small businesses.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Marico: Stepping into unchartered territory
- Asian stocks fall as Greek bailout delay dampens mood
- Sonalde Desai: Sons of the soil
- Bhupesh Bhandari: A spectrum of disagreement
- A crown of thorns awaits winners of BMC polls
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
IRFC bond |  Antrix-Devas |  Rafale fighter |  Junglee |  IPL 5 |  Dhanlaxmi Bank |  Thomas Cook |  TCS |  Sarfaesi Act |  Vodafone |  Aakash tablet |  Sodexo |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us