Madhu Koda arrested in Jharkhand

Ranchi, Nov 30 ( Former Jharkhand chief minister Madhu Koda, who is in the centre of a Rs.2,500-crore money laundering scam, was arrested Monday, police said.

Koda was arrested in Chaibasa, about 200 km from here, and is being brought to the state capital here by a police team, an official said.

Koda is alleged to have laundered thousands of crores of rupees during his stints as the chief minister between 2006 and 2008.

Since Oct 31, the Income Tax department and the Enforcement Directorate (ED) have conducted raids at 69 places in eight Indian cities, including at Koda’s home. Koda, however, insists the raids were politically motivated.