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High court rejects Koda bail plea

Ranchi, Oct. 1: Jharkhand High Court today rejected the bail application of former chief minister Madhu Koda in a case filed by the Enforcement Directorate.

Koda has been in custody in connection with the case since January 2011 and is accused of laundering money to the tune of Rs 1,350 crore.

Koda's counsel pleaded before the court that the former chief minister was framed. He said while allegations against Koda of acquiring assets and valuables in the disproportionate assets case lodged by the CBI amounted to about Rs 13 crore, the figure had been amplified several times to Rs 1,350 crore in the ED case.

The former chief minister has already been granted bail in the disproportionate assets case, his advocate pleaded. The counsel for ED said Koda's involvement in money laundering had been proved during investigations and his investment of tainted money had resulted in laundering of about Rs 1,350 crore.

The court of Justice H.C. Mishra, not convinced with Koda's pleas, rejected his bail and observed in its order that he was the former chief minister of the state during which period he had acquired assets by misuse of his office and invested tainted money which resulted in money laundering.

Meanwhile, in another case, the high court granted bail to Deepak Lakra and Roshan Minz, the relatives of former minister Anosh Ekka today. Both Lakra and Minz were arrested by the CBI for acquiring assets more than their known sources of income.

The court released them on bail and observed that they were not directly involved in the acquisition of assets.

The investigation did not reveal their active involvement in the crime and it was Ekka who had acquired the assets and registered them in the names of his relatives.