Sahara Group of companies are under CBI and Enforcement Directorate’s scanner not only in relation to 2G spectrum scam but also in at least three other cases including monely laundering scam allegedly involving former Jharkhand chief minister Madhu Koda and Jet Airways’ takeover of Sahara Airlines, the Supreme Court was told today.

The information regarding this was provided in the petition filed by ED’s Assistant Director Rajeshwar Singh while seeking contempt action against Sahara group Chief Subrata Roy and two scribes for allegedly interfering with the investiagtion of the 2G spectrum case.
“There is yet another investigation which is popularly referred as Madhu Koda scam case in respect of which the division bench of Jharkhand High Court has issued directions, directing CBI and ED to investigate offences under Prevention of Money Laundering Act, Foreign Exchange Management Act,” the petition said.
Further, Singh, in his petition, said “it may not be out of place to mention that Sahara Airlines, which is now taken over by Jet Airways and operated under the banner of Jetlite, are also facing investigations for violation under FERA (Foreign Exchange Regulation Act)”.

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February 2024