Income Tax sleuths today raided the residences of former Jharkhand chief minister Madhu Koda after the Enforcement Directorate registered a case against him and his three former ministerial colleagues for alleged money laundering and diversion of state funds. According to a senior IT official, separate teams conducted raids at Koda's residences in Ranchi and Chaibasa. The Enforcement Directorate had registered the case on 9th of October against them on charges of making huge illegal investments abroad including purchase of mines as far as in Liberia. Koda was chief minister between February 2006 and August 2008. The ED had filed an FIR before a Court in Ranchi against Koda and three of his cabinet colleagues — Kamlesh Singh, Bhanu Pratap Shahi and Bandhu Tirkey — besides five other persons. Koda and eight others have been accused of amassing property worth hundreds of crores of rupees including those in places like UAE, Thailand, Indonesia, Singapore, Hong Kong and Liberia.<br/><br/>