The Enforcement Directorate has arrested two aides of former Jharkhand Chief Minister Madhu Koda — Manoj Punamiya and Arvind Vyas— in a case of alleged illegal investments and Hawala transactions.
The duo, who were arrested on Wednesday, were sent to Ranchi on Thursday to be produced before a court, said ED sources.
Sources alleged that Punamiya and Vyas, who are believed to have invested and routed illegal money during the tenure of the former chief minister, had carried out transactions within the country and abroad.
They were arrested as they had not been cooperating with the ED regarding their business deals, they said.
ED officials have also confronted them with certain documents related to the stock market, sources said.
The ED, according to sources, has found that Punamiya had allegedly routed money through bullion markets for purchasing properties in Dubai and other Middle-Eastern countries.
The sources said the duo will also be made available for questioning to the CBI which has lodged separate FIRs against Mr. Koda and six of his former cabinet members for allegedly indulging in corruption.
The ED and the Income Tax department are investigating alleged illegal investments and Hawala transactions made by Mr. Koda and his other associates.
The CBI had registered two FIRs in a special court in Ranchi on Wednesday.
