ED gets arrest warrant issued against Koda close aide
Ranchi: In a boost to the Enforcement
Directorate, a court here issued an arrest warrant against
Binod Sinha, close associate of former Jharkhand chief
minister Madhu Koda in connection with the multi-crore illegal
investments and hawala case.
Official sources said the arrest warrant was issued by
the Prevention of Money Laundering Act court after the ED
moved an application for the same.
Sinha and another of Koda's associate Sanjay Chowdhary
had failed to appear before the Directorate despite repeated
summons.
The ED, which had questioned Sinha's brother Vikash in
connection with the same case at its zonal headquarter after
it got his custody, has been on his lookout ever since it
registered the money-laundering case on October 9.
Binod had also been evading the Income Tax department,
which had issued a number of summons as part of its parallel
probe in the case.
Sources said the Directorate is also planning to move
the court to get an arrest warrant issued against Chowdhary
too.
Sinha was one of the major player in the hawala
network and had invested a lot abroad allegedly at behest of
Koda, they said.
Koda has denied the allegations, terming the case
against him as a "political move".
PTI