RANCHI: Enforcement directorate officials questioning Anil Bastawade for the past two days have got vital clues on how the close aide of former chief minister Madhu Koda siphoned off money through the hawala channel. The mining kingpin allegedly involved in the Rs 4,000 cr scam, was arrested from Indonesia and brought to India on Tuesday.
According to Times Now reports, Bastawade had confessed to his links with Koda and his two other aides Sanjay Chaudhary and Manoj Punamiya before the ED sleuths. He has also admitted that the money was diverted and invested in mines in the name of making payment for coal imported to India. In reality, the coal never reached India but the payments running in crores of rupees were made to siphon off ill-gotten money for investment in foreign countries.
Sources in the ED told TOI that Bastawde is allegedly feigning illness to avoid interrogation by the officials, yet they have managed to link some important transactions which were done through hawala channel by him to invest the money generated by Koda and his aides in Jharkhand. The ED has taken him on a 10-day remand from the special Prevention of Money Laundering Act (PMLA) court of RK Choudhary to tie up the loose ends of the scam, in which Koda and his associates were allegedly involved.
"Bastawade has been charged with receiving money from Koda through hawala and investing it in real estate and mining projects in foreign countries during 2006 and 2008. Documents show that he siphoned off around Rs 250 crore out of Rs 3,500- Rs 4,000 crore generated by Koda and his associates," said a source. "He is very smart and whenever we try to quiz him he shows that he is very sick and cannot tolerate the interrogation session. Despite all his ploys we have managed to get good links that can help in exposing the nexus and siphoning of ill-gotten money to foreign countries by Koda and his associates through Bastawade." said the source after two days of interrogation on Saturday.
The mining kingpin, who had a red corner notice against him by the Interpol, was detained by the Indonesian police on January 21 in Jakarta and later handed over to ED officials who produced him before the special PMLA court on Wednesday. A notice for appearing before the special court was pending against Bastawade since January 25, 2012.
Sources in the CBI, which is also investigating the scam, said they would interrogate Bastawade once the ED completes its interrogation. "We are waiting for the ED to reach to conclusion on basis of the information provided by Bastawade before we start his interrogation," said a CBI officer.
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Bastawade gives account of how Koda siphoned money
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Bastawade gives account of how Koda siphoned money
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Bastawade gives account of how Koda siphoned money
