Hotels and three companies in Mumbai. Property in Kolkata. A hotel in Thailand. A coalmine in Liberia.

These are some of the assets India’s Enforcement Directorate (ED) said it has unearthed among illegal foreign-exchange transactions and assets allegedly worth Rs 4,000-crore — almost a fifth of the annual budget of the state he once ruled, Jharkhand — of labourer-turned-chief minister Madhu Koda (38).

As nationwide raids by the ED, which probes foreign-exchange violations, and the Income Tax (I-T) department continued for the third day on Monday, investigators interrogated Koda on camera. The I-T department also sent notices to six of Koda’s close associates, based variously in Jharkhand, Mumbai and Delhi to appear before the Additional Director (Investigation) in Ranchi on November 6 and explain “certain transactions and events.”

A labourer who worked on window grills and in iron ore mines till the 1990s, Koda could be not contacted on Monday. His mobile phone was switched off. None of his associates, three former ministers and five others being investigated, were available for comment.

Koda’s lawyer Rahul Kumar on Monday told HT the I-T department had not told him what had been seized. “Unless we get a seizure list, it won’t be proper to comment on the ongoing searches,” said Kumar.