Koda deposited Rs 61cr in Mumbai bank in less than 30 days

New Delhi: Former Jharkhand Chief Minister Madhu Koda and his partners in crime are offering surprises one after the other to the officials from Enforcement Directorate (ED) and Income Tax (I-T), the investigators, who are probing into his robbery case. Recent investigation has already been successful in finding the details of accounts where the suspects might have hoarded their treasure. The investigators have also traced the bullion trader from Mumbai's Zaveri Bazar who acted as the middleman between Koda associate and Swiss banks. Further investigation has revealed that the Zaveri Bazar branch of Union Bank of India did not find anything amiss about Rs 61 crore that the Koda group deposited. The transaction had taken place within a span of 30 days from March 2 to March 31, 2007. Vikas Sinha, one of Koda's aides and younger brother of main Koda aide Binod, was arrested in Ranchi, who confessed of having carried Rs 40 crore to Binod's chartered accountant S K Naredi. It is to be noted that Naredi is also Koda's chartered accountant. Sleuths suspect him to have helped the former Jharkhand CM to acquire sponge iron and rolling mills in the state. Although police are searching for Binod and Naredi, the focus of the investigation has shifted to the Swiss connection of the Koda group.