Ranchi, July 31: A day after securing bail in the fifth case of corruption, former Jharkhand Chief Minister Madhu Koda was today released from jail after spending 44 months behind bars.
He was released after furnishing two bonds of Rs one lakh each and depositing his passport with the special CBI court here as directed by the high court.
The Jharkhand high court had yesterday granted him the bail in connection with rural electrification scam.
“I have faith in the judiciary, and I will establish my innocence,” Koda told reporters after coming out from the Birsa Munda jail, where he was lodged in judicial custody from November 30, 2009.
He was accused of involvement in money laundering, illegal investments, rural electrification and other scams.
Koda was the head of the UPA government, which was supported by Congress, RJD and JMM, between 2006 and 2008 when according to the ED/CBI/IT the alleged scams surfaced.