Enforcement Directorate stumbles upon Koda & company's Guyana link

Fresh details have emerged on how Koda and his aides went about pursuing their ambitions and purchasing mines and businesses across the globe. One such deal that the Koda’s gang tried to strike in Guyana is currently under scrutiny of the Enforcement Directorate (ED).

One of the accused, Binod Sinha, along with his brother-in-law, is reported to have undertaken a trip to Guyana in 2009, where they also visited Fiji with plans to purchase a gold mine, confirmed a senior ED official.

Sources said the duo, working on behalf of former Jharkhand chief minister Madhu Koda, had eyes set on gold mines worth Rs700 crore in Guyana. Investigators believe that the duo was provided military cover by the Guyana government during their long stay in the country. The deal, however, did not materialise.

“We are trying to get the details from Guyana. The official communication process is on,” a senior ED official said.
Manoj Punamia, Binod Sinha and Sanjay Choudhary are also learnt to have made investments in Threewin Maritime Pvt Ltd in Dubai through Hawala. Rs10 crore was paid from Punamia’s company account, while Rs3.64 crore was released from his personal account. The investment amount was arranged through Hawala route to Punamia’s accounts.