The Madhu Koda mining scam is a scam that occurred in Jharkhand in India. It was alleged by investigative agencies that Madhu Koda took huge bribes for illegally allotting iron ore and coal mining contracts in Jharkhand when he was the chief minister of the state. As per estimates Koda and his associates collected over Rs 4,000 crore by allotting mines to business houses. On orders of Jharkhand High Court CBI is investigating the scam.
Koda was arrested by state police's vigilance wing on 30 Nov, 2009 in connection Madhu Koda mining scam. On 31 July 2013, he was released on bail from Birsa Munda prison in Ranchi.
A special money-laundering court in Delhi has attached Koda's properties worth ₹ 144 crores in a disproportionate assets case against his alleged associates. It found that the properties were involved in the offence of laundering under the provisions of The Prevention Of Money Laundering Act (PMLA) in a case probed by Enforcement Directorate (ED). Some of the attached assets also belonged to Anil Adinath Bastawde, who was arrested by the ED in Jan 2013 from Jakarta and Manoj B Punamiya, an associate of Koda and an accused in the case. ED sources had said the amount of scam, which had allegedly taken place during Koda's regime between 2006 and 2008 had gone up to ₹ 3400 crores in the course of investigation and the amount excluded Bastawde's assets, who was an absconder for long time.