14 days judicial custody for Anil Bastawade in money laundering scam
Ranchi, Jan 30 : A special Enforcement Directorate (ED) court today sent Anil Bastawade to 14 days judicial custody in a multi-crore money laundering scam.
The special ED court of (Prevention and Money Laundering Act) justice R K Chowdhary sent Bastawade, a close aide of former chief minister Madhu Koda to 14 days judicial custody and fixed the next date for hearing on February 11
During this period he will lodged in the Birsa Munda Central Jail located at Hotwar here.
The ED brought him back from Jakarta yesterday night where he was arrested on January 21 on an Interpol notice.
Bastawade was later flown to Ranchi. He is an accused in a money laundering scam.
The CBI has alleged he siphoned off over Rs 250 crore from the Madhu Koda government to pay for coal mine contracts.
A Red Corner Notice (RCN) against him was issued by CBI on the request of the ED which is probing charges of alleged money laundering against the 48-year-old businessman.
Bastawade is the seventh accused arrested after Koda, Binod Sinha, Vikas Sinha, Manoj Punamia, Arvind Vyas and Vijay Joshi in connection with the money laundering and illegal investment case slapped against them.
Madhu Koda, who is also lodged in the Birsa Munda Central jail, was arrested on November 30, 2009 after the Income Tax department and the ED claimed to have unearthed Rs 2,500 crore money laundering and illegal investment scam following country-wide raids on 70 premises on October 31, 2009.
Two other accused Harinarayan Rai and Enos Ekka, who were ministers when Koda was the Chief Minister, are on bail in the case. They are presently MLAs in the Jharkhand State Assembly which is currently in suspended animation following the imposition of President's Rule.