New Delhi: Former Jharkhand chief minister Madhu Koda has been slapped a Rs 1,200 crore recovery notice by the Income Tax department. The assessment wing of the I-T department found that Koda amassed assets worth of Rs 3,300 crore.
Koda has been asked to pay up the amount within a month.
According to earlier reports, the I-T department has traced a person who allegedly helped get hundreds of crores of rupees belonging to Koda deposited in a Swiss bank. The name and identity of the person has been withheld in the interest of the investigation.
During interrogation, Koda, now an MP, is learnt to have admitted to making unpublicised trips to foreign countries while he was the mines and geology department minister from March 2005 to September 2006, the sources say.
At that time, Arjun Munda was the Chief Minister of Jharkhand. In the past, he too has accused Koda of making foreign visits without informing him.
According to the sources, Koda had visited Liberia, Bangkok and Dubai without informing Munda. As per protocol, a minister should inform the chief minister if he makes any foreign visit.
Madhu Koda contested polls in 1995 on a Bharatiya Janata Party (BJP) ticket. He later won the Jagannathpur seat in West Singhbhum in the 2000 assembly polls as a BJP candidate.
In 2005, after he was denied ticket by the BJP, Koda contested as an independent and won the Jagannathpur seat again. But he decided to support a National Democratic Alliance (NDA) government led by Arjun Munda.
Koda was made the minister of Mines and Geology. In 2006, he withdrew support to the Munda government. The Congress decided to make him the chief minister as a consensus candidate. Koda resigned in 2008 after the Jharkhand Mukti Morcha withdrew support to his government.
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