Friday, May 7, 2021
Home News Reports Absconding ‘halal’ investment owner releases a video, offers to surrender, vows to expose big...

Absconding ‘halal’ investment owner releases a video, offers to surrender, vows to expose big politicians after coming back to India

Over 30,000 complaints have been filed against IMA Jewels so far by investors who had hoped for good returns under terms prescribed by Islamic law but instead ended up losing their money.

The absconding owner of IMA jewel, a ‘halal investment’ firm in Bengaluru, Mansoor Khan, who is accused in the Rs 1,500-crore IMA scam, released a videotape, Sunday, in which he offered to surrender but alleged he may be killed on his return to India.

In the 18-minute long video recording, Mansoor Khan, in his message to Bengaluru commissioner Alok Kumar said that he was willing to return to India and expose those responsible for the downfall of his business venture. Khan claimed that because the actual culprits behind the scam are “big names at the state and central levels”, there was every possibility of him being killed as soon as he sets foot in India.

Mansoor Khan furthered that with an intention to return, he had even boarded a plane on June 14, but was deplaned by officials who said he cannot be allowed out of the country. “I was asked to contact the Immigration Department, but due to Jummah (Friday prayers), it was shut,” Khan said.

While the businessman’s exact location is still not known, investigators believe he is in hiding in Dubai. His family is believed to be somewhere in India. “I must admit that leaving my motherland was a big mistake, but I was betrayed by those I called my own,” he said in the video released.

Over 30,000 complaints have been filed against IMA Jewels so far by investors who had hoped for good returns under terms prescribed by Islamic law but instead ended up losing their money. As per reports over 1 lakh people have invested in the company.

The founder and managing director of IMA jewels, Mohammad Mansoor Khan had suddenly gone missing on June 11, after an audio clip where he claimed he is ending his life due to financial distress went viral. Following this, many investors went to Khan’s office only to find it shut.

Moreover, in the audio clip released then, Khan accused senior Congress MLA Roshan Baig of arm twisting and refusing to return Rs 400 crore which he had taken after he failed to get a Lok Sabha ticket for the recently concluded Lok Sabha elections. Khan has also alleged that he is being harassed by several politicians and government officers who had taken money from him.

Baig, however, dismissed the allegations and called the audio clip fake. Khan had alleged that following the threat, he had moved his family members to a village and he himself was staying in South Bengaluru.

Meanwhile, Mansoor Khan in the recent video is heard telling Alok Kumar that he wants to return to India and participate in the probe, regardless of the danger to his life. “If I am allowed to return, I shall place the truth in front of your investigation team and then let the law take its course,” he said. “I want to present all the evidence I have before the police and courts. But the people involved in this scam are no small fry… if I divulge their names now, they will find my family in India and wipe them out. They are probably planning to kill me as soon as I reach India.”

Khan admitted that threatening to commit suicide in his previous audio message was a mistake. “That was a very demotivated statement. But if I am to die anyway, why shouldn’t I let my enemies there do it for me instead? They can kill me in custody, or after I have been produced in court, or out on the streets if they let me out on bail,” he said in the video message.

The IMA owner maintained that his financial venture was no Ponzi scheme, and he would do everything in his power to ensure that the investors are compensated. “Ever since the IMA was founded in 2006, it has disbursed around Rs 12,000 crores in profit earned among investors and even returned Rs 2,000 crore in capital investment. But we are willing to liquidate whatever assets we have, worth around Rs 1,350 crore, in an effort to pay back to those we owe money,” he said.

While interest-based investment in banking is prohibited under Islam, IMA would take money from investors and invested it in bullion trading, schools, hospitals, etc. In return, IMA would pay 2-4 % interest every month to investors.

Recently, there were reports that the RBI had in a 2018 letter revealed the inaction of the JD(S)-Congress led Karnataka government against IMA jewels. Reportedly, the RBI had written a letter in November 2018 asking the Karnataka state government to launch a probe into IMA jewels, a halal investment group. However, the Karnataka Congress-JDS government ignored RBI warning and did not act against the ‘halal’ investment group.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Meet AAP’s ‘Delhi ke Nirmata’: Who is Navneet Kalra, the businessman on the run after oxygen hoarding scandal was busted

Oxygen Concentrators have been found at Khan Chacha, Nege & Ju bar and Town Hall restaurants in Delhi, all owned by Navneet Karla

USA: Separatist group ‘Black Hammer’ acquires 200 acres of Colorado Land to create independent Communist city

Radical anti-Semite, anti-white group collects about $65,000 to establish a communist utopia on a Colorado mountain top.

This only hurts nation: Several CMs, including YS Jagan Mohan Reddy slam UPA’s Jharkhand CM for petty politics over call by PM Modi

Jharkhand CM Hemant Soren took potshots at PM Modi, after he called to inquire about ongoing Coronavirus pandemic in the State

Delhi’s Covid black marketing: Day after 419 oxygen concentrators were recovered, 96 more recovered from Khan Market restaurant

The Delhi Police has recovered 96 oxygen concentrators from one Khan Chacha restaurant at Khan Market in Delhi.

Rahul Gandhi attacks construction of new parliament as ‘wastage’ while his Maharashtra govt is spending 900 crores on MLA residences

Ever since the much-needed ambitious project was launched by the Modi government, Rahul Gandhi and his Congress party have been indulging in politicising the issue by asking the government to shelve its plans on the central vista project.

Left-leaning Twitter and ISIS seem to have the same threads of fascism that bind them: Here is how

After the political upset for BJP, Mamata Banerjee took the reigns and a spate of unimaginable violence was unleashed on those who worked for BJP or those who had supported the party in the state.

Recently Popular

Comedian Sanket Bhosale who had featured in ad mocking Rahul Gandhi booked for violating Covid-19 norms in Punjab

A week after the vandalism by the Congress workers in Mumbai, the Congress-led Punjab government has now booked comedian Sanket Bhosale, the actor featured in the advertisement, on the pretext of violating Covid-19 regulations during his wedding.

Cricketer Irfan Pathan accused of extra-marital affair with cousin sister, girl’s in-laws allege fake dowry case

According husband of the woman, the relationship between his wife and Irfan Pathan goes back a long time ago and continues even now

21-year-old college student raped and murdered in Medinipur district in West Bengal, 3 including a woman arrested

West Bengal police arrested 2 masons and their female aide for rape and murder of a college student, who have confessed to the crime

Scroll journalist mischievously shares misleading, old report to insinuate that union govt is funding a trial of using Gayatri Mantra to treat Covid-19

While AIIMS Rishikesh is testing using gayatri mantra along with usual treatment for Covid-19, fake news claims it as standalone treatment

Aam Aadmi Party’s Raghav Chadha defies logic while giving calculations on cryogenic tanks and medical oxygen

One feels that if Aam Aadmi Party leaders focus on resolving the oxygen crisis instead of overusing their tiny brain for absurd calculations, they could perhaps save a few lives.

‘Out of control’ Chinese rocket falling back on Earth and no one knows where it is going to crash: Details

After launching space station hub, China's Long March 5B is doing 27,600km/h in failing orbit, with eventual crash site unknown.
- Advertisement -

 

Connect with us

254,802FansLike
538,981FollowersFollow
24,300SubscribersSubscribe