They also alleged that the money was routed to the glass company through newly floated financial companies Anjani Putra Ispat Limited and Creative Fiscal Services by Koda.
If the Income Tax department is to be believed then former Jharkhand chief minister Madhu Koda did not spare even government schemes for allegedly making illegal profits for himself.
The Income Tax department officials, who have been scrutinising the voluminous documents of Koda, alleged that the former chief minister had made an investment through his associates in the government-sponsored rural electrification programme in Uttar Pradesh and earned a profit worth Rs30 crore.
According to the documents seized during searches at Lucknow, the Income Tax department claimed to have found that Koda through his associates had made straight away profit of Rs30 crore in a rural electrification contract worth Rs150 crore in Lucknow.
The IT officials said Koda had also made an investment worth about Rs22 crore in a leading glass manufacturing company -- Indo Asahi -- which they claimed to be a part of his alleged illegal wealth accumulated during his tenure as minister and later as chief minister.
They also alleged that the money was routed to the glass company through newly floated financial companies Anjani Putra Ispat Limited and Creative Fiscal Services by Koda.
The IT department is actively probing Koda's routing of money through illegal hawala channel amid allegations that he has amassed illegal property to the tune of Rs2,000 crore while serving as a public servant. The officials claimed that Koda had also re-routed $110 million (Rs560 crore) out of the country through hawala operations.
Searches were conducted at 65 premises of Koda and his associates in Delhi, Kolkata, Mumbai, Lucknow, Nasik, Ranchi, Chaibasa and Jamshedpur in the wake of allegations of that he had amassed illegal wealth during his tenure as the Chief Minister and Mines Minister.
The hawala amount involved includes more than 100 million dollars sent to Dubai to a person identified as Abdul Bhai, the sources said. Other hawala transactions included sending of 10 million dollar to Dubai and $2 million to Thailand through Arvind Vyas. The evidence for the IT department claims regarding these transactions surfaced during search operations at a residence of an alleged Koda associate Lalit Jalan in Mumbai.
The department has also found illegal deposits in bank accounts and transactions in cash and cheques involving three companies in Mumbai through a hawala operator, Manoj Punamia, who was a director in these companies.
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