Income Tax sleuths raid 70 places of Madhu Koda,

Ranchi: The Income Tax Department, which is probing a
disproportionate assets charge against former
Jharkhand chief minister and MP Madhu Koda,
Saturday conducted raids at 70 places in eight
Indian states, an official said.

"We are conducting search operation at 70 places
of eight cities of the country.
The search operation is going on against
Madhu Koda and his associates Vinod Kumar Sinha
and Sanjay Chaudhary," IT Department Director
Ujjal Kumar Chaudhary told reporters here.
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"We have associated Enforcement Directorate (ED)
in our search operation.
The search operation is going on based on our
intelligence reports," he added.

The raids were conducted in Koda's properties
in Ranchi, Jamshedpur,
Chaibasa, New Delhi, Mumbai, Nasik, Lucknow and
Kolkata. In Ranchi alone,
raids were conducted at 25 places.

"The search operation is based on our reports
when Madhu Koda was mines
and geology minister and Arjun Munda was
chief minister. Many deals took
place then which indicates transaction of money,"
said Chaudhary.

He refused to reveal the materials and documents
seized in the raids.
According to an official, the IT sleuths seized
documents related to
huge investment and millions of rupees in cash.

Scores of graft cases have been pending against Madhu Koda.
The Jharkhand vigilance department had lodged an FIR against the
former chief minister for amassing wealth disproportionate to
his known sources of income.

According to reports,
Madhu Koda invested
more than Rs.4,000 crore
in mines in South Africa.

Madhu Koda, who was operated upon last week after he complained
of stomach ache, was shifted to his house in Ranchi on Friday.
He was Jharkhand chief minister from September 2006 to August 2008.