STOCK MARKET BSE NSE

Koda gets bail in mining case, to stay in jail

RANCHI: The Jharkhand High Court Thursday granted bail to former chief minister Madhu Koda in an illegal mining case, but he will continue to stay in jail in connection with other cases.

Published: 05th April 2012 03:06 PM  |   Last Updated: 16th May 2012 07:20 PM   |  A+A-

RANCHI: The Jharkhand High Court Thursday granted bail to former chief minister Madhu Koda in an illegal mining case, but he will continue to stay in jail in connection with other cases.

A single-judge bench of Justice H.C. Mishra granted bail to Koda in a case related to allegedly taking bribe to allocate iron ore mines to a private steel company when he was chief minister between September 2006 and August 2008. There were allegations that Koda accepted a bribe of Rs.13 crore from a private steel company to allocate iron ore mines.

Koda is in jail since November 2009 in different cases. He is at the centre of a Rs.2,500 crore money-laundering scam. The cases against Koda are pending in Prevention of Money Laundering Act Court (PMLA) filed by the Enforcement Directorate (ED), in vigilance court and CBI court of Ranchi. There are four cases against Koda including graft and money laundering.

Koda's scam came into the limelight when the Income Tax (IT) department and ED conducted raids at 69 places in the country including the houses of Koda in October 2009.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp