Income Tax department today raided more than 60 places across the country in connection with the alleged illegal investments and hawala transactions case involving Jharkhand's former Chief Minister Madhu Koda. Director of Income Tax Department, Ujjwal Choudhary said, raids are being conducted at 60 places in the country. He, however, refused to divulge why the raids were being conducted, the names of the persons and places involved. Sources said raids have been going on in Patna, Ranchi, Chaibasa and Jamshedpur. In October, last year, IT and ED officials had raided about 70 places, including the residences of Koda and his associates. The officials claimed to have detected evidence of alleged illegal investments and hawala transactions worth 2000 crore rupees. The ED had booked Koda and seven others in connection with financial irregularities to the tune of 4000 crore rupees. Koda is now in judicial custody after he was arrested by Jharkhand Vigilance Bureau on November 30 in connection with a state vigilance case pending at a special vigilance court.
News On AIR | February 16, 2010 12:42 PM
IT raids more than 60 places across the country