Tuesday, November 03, 2009

Madhu Koda: Villain?


    Politicians of this country after winning elections suppose to do work for the development of his constituency and provide the best services’ of all kind to the people of his area whom they badly needed but unavailable to them because of financial compulsion or because of one reason or some other reason but unfortunately it is the tragedy of Indian that at the time of elections every political parties in their respective manifestos declared populist announcement but once they comes into power they forget their promises and try to do each and everything for themselves or for their relatives or for friends by manipulating each and every law of this country and at the time of next elections when they lost they simply comes with conclusion that they lost because of anti incumbency factor and ignoring the fact that they did nothing for their constituency honestly and democratically ,whose result is voters make distance from them simply by giving chance to another candidate in hope of good work. Politicians wrong doing and earn money for themselves, its latest but shameful example is Mr. Madhu Koda, who is former chief minister of Jharkhand State.
       Now a days former Chief Minister of Jharkhand Mr. Madhu Koda ( 38) is in news because of wrong doing during his tenure and it is believed that he has amassed illegal wealth worth around Rs 2,000 Crores .The Income Tax department has been probing a disproportionate assets allegation against Koda and his associates and just gone Saturday conducted raids at 70 places in eight cities and discovered documents relating to illegal transactions worth Rs.2,000 crore (Rs.20 billion) but as per Income Tax officials Mr. Madhu Koda is not cooperating with the authority. Koda was interrogated on camera by the IT sleuths and was charged with not cooperating with the investigation. Koda is not fully cooperating in the investigation. The search operations would have concluded had Koda been cooperating fully, IT department's Director General for Investigation Anjani Kumar had told reporters on Monday. After complaint of severe stomach ache he was admitted to a private hospital by name Apollo Hospital here on Tuesday.
      Fresh raids were carried at the Kanke Road residence here of district mining officer of West Singhbhum (Chaibasa) R N Prasad. The search at Prasad's residence was led by additional director (investigation) A K Srivastava. The unaccounted money involving Koda and his associates, Sanjay Choudhary and Vinod Sinha, is expected to be over Rs 2,000 crore. This includes Hawala transaction to foreign countries by a Mumbai-based corporate house of Rs 1,300 crore and business investment of over Rs 500 crore. Foreign transactions were made through two Mumbai-based operators Lalit Jain and Arvind Vyas in various countries including UAE, Malaysia, Thailand and Singapore.
     As very soon State Assembly elections in Jharkhand is going to held, the operation reflected the UPA's anxiety to distance itself from the rampant corruption that allegedly marked Koda's chief ministership. The tribal MLA was sustained in power for two years by UPA allies - Congress, Jharkhand Mukti Morcha (JMM) and Lalu Prasad's RJD. Both the I-T and ED report to department of revenue in the Union finance ministry. A complaint against Madhu Koda and three of his ministerial colleagues. Kamlesh Singh, Bhanu Pratap Singh and Bandhu Tirkey, all Independents like him who leveraged political instability to garner positions of power and pelf-under PMLA had been registered on October 9.
    As officials are busy in conducting raids and probing, so exact picture will be emerge after the completion of raids & probe and how much public money siphoned by Mr. Madhu Koda and his associates, future will have store shameful revelation.

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