Supreme Court rejects bail plea of Madhu Koda’s associate

NEW DELHI - The Supreme Court on Friday rejected the bail plea of Vikas Sinha, an associate of former Jharkhand Chief Minister Madhu Koda, who has been arrested by the Enforcement Directorate for his alleged role in the hawala transactions and the illegal investments.

Vikas Sinha, the brother of another associate Binod Sinha, Vikash, has been charged under sections 409 (criminal breach of trust), 420 (cheating), 465 (forgery), 120-B (criminal conspiracy) of the Indian Penal Code (IPC) and other provisions of Prevention of Corruption Act by the ED.

A bench of Justices B Sudershan Reddy and S S Nijjar refuted to interfere with the orders issued by the Jharkhand High Court that had dismissed Sinha’s bail plea sought on medical grounds.

The Enforcement Directorate has also issued a Red Corner notice against Koda and eight others for their alleged role in money laundering, diversion of state funds and indulging in huge illegal investments abroad. (ANI)