Terming the money laundering charges against him as a "political conspiracy", former Jharkhand chief minister Madhu Koda on Saturday said he would cooperate with the probe into them and would quit politics if they were proved to be correct.

"This (the charges) is a political conspiracy as people don't want me to succeed as an independent legislator," Koda, a Lok Sabha MP, told newsmen here.

Koda said he would continue to co-operate with the investigating agencies probing into the charges against him.

Income Tax sleuths have been questioning him on and off from October 31 in connection with the Rs 2000 crore alleged hawala transactions and illegal investments after they conducted raids in 70 premises across the country and claimed to have found evidence in the case.

The ED has issued fresh summons to Koda, the third in a week, to appear before it in Ranchi on November 19. Earlier the ED had served him summons on November 13 and 15.

Koda, who yesterday wrote to the ED expressing his inability to appear before it in Delhi owing to the ensuing assembly polls in the mineral-rich state, reached here last night.