The Supreme Court has denied former Jharkhand CM Madhu Koda’s plea to stay his coal scam conviction, blocking his bid to contest in upcoming elections.
The case pertains to allocation of coal blocks to Vini Iron and Steel Udyog Ltd. in Jharkhand's Rajhara town in which its directors and unknown public servants of the Ministry of Coal, Government of Jharkhand and others were made accused in the FIR lodged by the CBI in September 2012.
Madhu Koda shared the stage with state BJP chief Babulal Marandi and former CM Champai Soren, as expelled JMM leader Lobin Hembrom joined the party. Koda's wife, Geeta Koda quit Congress and joined the BJP earlier this year.
On November 15, 2000, Jharkhand came into existence as a state. Since then, six leaders have held the position of Chief Minister here. Among them, only Raghuvar Das completed a full term of 5 years.
The Delhi High Court Friday declined to stay the conviction of former Jharkhand chief minister Madhu Koda in a coal scam saying it will not be apt to facilitate him to contest polls for any public office, till he is finally acquitted.
The poll panel had disqualified Koda from contesting elections for three years.
Besides the jail term, the special court also imposed a fine of Rs 25 lakh on Koda and Rs one lakh on Gupta.
The judge had yesterday, however, acquitted four persons -- VISUL's Director Vaibhav Tulsyan, two public servants Basant Kumar Bhattacharya and Bipin Bihari Singh, and Chartered Accountant Navin Kumar Tulsyan -- of all charges.
The court was hearing a case related to alleged irregularities in the allocation of the Rajhara North coal block in Jharkhand to Kolkata-based firm Vini Iron and Steel Udyog Ltd.
Election Commission today disqualified for three years former Jharkhand Chief Minister Madhu Koda from contesting elections for failing to file details of expenses related to the 2009 Lok Sabha polls he fought.
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