Anil Bastawade, the Rs 4000 crore mining scam kingpin and former Jharkhand Chief Minister Madhu Koda's aide, is expected to be back on Indian soil by 10pm tonight. Bastawade was detained in Jakarta, Indonesia and is currently at Hong Kong en route to India.
Koda's lawyer refused to answer any questions on Bastawade, but the CBI advocate said the kingpin's arrest would help in the investigations.
Bastawade, who was tracked down by TIMES NOW in Indonesia, had allegedly helped Koda launder mining scam money. The CBI had earlier issued a Red Corner Notice against Bastawade on the request of the Enforcement Directorate (ED) which is probing charges of alleged money laundering in the mining scam against the businessman. Koda is at present jailed in Ranchi.
The 48-year-old Bastawade was detained in Jakarta last week following an Interpol notice against him.
According to sources, Income Tax sleuths claim a person named Ajay Bafna introduced Manoj Punamia -- an alleged associate of Koda-- to Bastawade who had settled in Dubai.
The ED suspects Bastawade to have invested around Rs 250 crore in Dubai real estate market through Punamia. He allegedly also made some investments in Indonesia.
The ED wants Bastawade's custody to probe the alleged financial irregularities conducted by Koda during his tenure as Jharkhand Chief Minister under the Prevention of Money Laundering Act.
The agency has named him in its charge sheet filed last year in the case and has underlined his role in purchasing properties in the UAE from “criminal proceeds” generated by alleged illegal activities during the tenure of Koda.
CBI has not named Bastawade an accused in its case so far. But it would like to speak to him when he is brought back to India.
“CBI is the nodal agency for Interpol matters. We were informed by the Indonesian authorities about Bastawade’s detention and we, in turn, informed the ED,” a CBI official told Hindustan Times last week.