Koda aide named in money laundering case charge sheet

RANCHI - The Enforcement Directorate (ED) Saturday filed a charge sheet in a Ranchi court against Vinod Sinha, a close aide of former Jharkhand chief minister Madhu Koda, in a money laundering case involving Rs.915.26 crore, a source said.

“Sinha is accused of investing (money) in 25-30 companies. Sinha is also accused of investing more than Rs.650 crore in a single company. He is also accused of spending more than Rs.6 crore to support Koda in Chaibasa Lok Sabha poll in 2009,” a source in the ED told IANS.

The charge sheet was filed in the Prevention of Money Laundering Act court.

Sinha is in jail for more than six months. Koda is also in jail for more than one year.