Karnataka govt orders CBI probe into multi-crore IMA ponzi scam


Karnataka Government has entrusted the Central Bureau of Investigation to investigate the multi-crore Ponzi scheme I- Monetory Advisory (IMA) and its group entities, which allegedly duped over one lakh people.

The government in its order said CBI would investigate all the FIRs registered against IMA and its group entities. Promising high returns, IMA operator Mohammed Mansoor Khan had allegedly duped over one lakh investors.

The case came to light when Khan fled to Dubai, leaving behind a video message, saying that he was committing suicide because of corruption in the State and Central Government.

Khan was arrested on 21st of July on his arrival in New Delhi by the Enforcement Directorate and is currently in judicial custody.

As complaints started pouring in, the Karnataka Government constituted a Special Investigation Team headed by DIG B R Ravikanthe Gowda.

The SIT said Khan has to refund approximately 1,400 crore rupees to his investors. It has so far arrested over 25 people, including 12 directors of the firm along with some representatives of people and officials of the local bodies. (AIR NEWS)

191 Days ago

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