The arrest of former Jharkhand Chief Minister Madhu Koda by the Enforcement Directorate is “imminent” as the evidence against him for allegedly carrying out hawala transactions and illegal investments worth crores of rupees “is satisfying”, ED sources said here on Thursday.

They said the documentary proofs and subsequent leads found against Mr. Koda and his associates will culminate in his arrest soon after his discharge from a hospital in Ranchi.

“It is (Koda’s arrest) imminent. The evidence is satisfying,” the sources said.

The ED sources said that the information obtained from the seized documents and affidavits will have to be put across to Koda for further progress in the case, which can only happen after detailed questioning.

“Under the Prevention of Money Laundering Act, the arrest takes place under section 19. Authorities from both Income Tax department and the ED are waiting for the medical reports of Koda and his subsequent discharge from the hospital,” they said.

Meanwhile, the IT department officials are still carrying out the sealing exercises on the properties of Koda and his associates. The searches had begun on October 31.

The ED is also preparing to send notices for production of documents and attendance in person against certain other associates of the former Jharkhand Chief Minister, they said.

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