<br/>A two-member team of the Enforcement Directorate (ED) arrived in Mumbai on Wednesday to investigate the hawala transactions allegedly carried out by Balaji Group for former Jharkhand chief minister Madhu Koda.<br/><br/>Income-Tax officials investigating the case found that at least Rupees 640 crore was deposited in cash by one of the alleged front companies of Madhu Koda in a nationalised bank in Mumbai.<br/><br/>The investigating team has found documentary evidence of how the Koda’s alleged frontman Manoj Punamia deposited Rupees 640 crore in cash in Union Bank of India at its Zaveri Bazar branch between November 2006 and December 2008. The cash transactions were carried out by a Balaji Group company named Balaji Universal Trade.<br/><br/>As part of guidelines issued by RBI, it is mandatory for all banks and financial institutions to monitor transactions of high-risk individuals and their intermediaries on a day-to-day basis and report all suspicious transactions to the Financial Intelligence Unit.<br/><br/>Meanwhile, the Official sources said the Directorate is currently preparing the necessary paperwork needed to send out the Letters Rogetory (LR) to Indonesia, Thailand, Liberia, UAE and Switzerland to get information on alleged investments including acquisition of properties there by Koda and his partners.<br/><br/>They said the ED has already sent out 'source information' to all the above mentioned countries based on seized documents including certain papers suggesting secret Swiss Bank accounts.<br/>