Ranchi/New Delhi: Non-bailable arrest warrants have been issued against seven aides of former Jharkhand chief minister Madhu Koda including an Indonesia-based businessman in connection with a multi-crore illegal investments and hawala case being probed by the Enforcement Directorate.
Official sources said a Prevention of Money Laundering Act Court in Ranchi had issued the arrest warrants against Manoj Kumar Sinha, Sunil Kumar Sinha, Saubhik Chattopadhyay, Vijay Joshi, Rohitash Krishnan, Ajay Amolchand Bafna and Anil Adinath Bastawade on Saturday.
All of them have been evading summons issued by the Directorate.
Sources said Bastawade is said to be hiding in Indonesia and is alleged to be one of the key players in the scam. He is alleged to have made illegal investments to the tune of over Rs 200 crore in Dubai alone.
Sources said Joshi was a close associate of Koda’s frontman – Binod Sinha – and was responsible for the introduction of unaccounted funds in a number of companies as share application or share capital amounting to about Rs 80 crore.
Krishnan is alleged to have been associated with Binod in incorporation of companies and other acts in violation of PMLA Act, sources said.
"All the seven accused are involved in the financial transaction from the money generated by Koda and his associates," an ED official said.
Koda is currently in judicial custody along with two of his aides Manoj Punamiya and Arvind Vyas in the case.
The allegation is that Koda and his associates had illegally amassed huge amount of money during his term as chief minister and later routed the same to many foreign countries including Thailand, Liberia, Cooks Island and Dubai.
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