" A statement by the company maintained that "the investigation has no link to Madhu Koda's arrest.

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The U.S. military informed the Japanese Embassy of the discovery, and the government has been in touch with Koda's family.

CNN: Japan: Hostage killed in Iraq

Japanese Foreign Ministry spokesman Hatsuhisa Takashima said a body matching the description of Koda was found by U.S. forces between Baghdad and Tikrit.

CNN: Japan: Hostage killed in Iraq

An initial report by the Press Trust of India which was later corrected, cited the main reason for the investigation to be the link between the developer and associates of Madhu Koda, former chief minister of the state of Jharkhand, who was arrested Dec. 1 on corruption charges.

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