Koda Case: ED conducts searches at realtor EMAAR MGF`s offices

New Delhi, Dec 3 (PTI) The Enforcement Directorate
Thursday conducted searches on the premises of realtor EMMAR
MGF in connection with the multi-crore illegal Hawala and
investment case involving former Chief Minister of India's
eastern state of Jharkhand Madhu Koda.
The search followed the ED finding certain documents that
showed Koda's associates on the board of certain EMAAR group
companies, ED sources said.
EMAAR MGF is a joint venture between Dubai-based EMAAR
Properties and India's MGF Development.
Sources said one of Koda's associates, Vikash Sinha, who
is in judicial custody, has now disclosed that he and some
others had invested on behalf of Koda in the same companies.
When contacted, a Emaar MGF spokesperson did not offer
any comments immediately. PTI