Saturday, May 30, 2020
Home News Reports IMA scam: IAS officer arrested on charges of receiving Rs 1.5 crore bribe from...

IMA scam: IAS officer arrested on charges of receiving Rs 1.5 crore bribe from ‘halal’ investment group owner

The IMA promoter has been charged with perpetrating the Ponzi scheme, which allegedly duped 40,000 investors to the tune of over Rs 2000 crore.

Also Read

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

The special investigation team (SIT) probing the IMA group ponzi scam has arrested the deputy commissioner of Bengaluru urban district BM Vijay Shankar on Monday on the charges of receiving Rs 1.5 crore from absconding ‘halal’ investment group owner Mansoor Khan.

The IAS officer had allegedly taken the bribe to give a favourable report after the RBI asked the state government to probe the company’s businesses, confirmed the police.

This latest arrest by the SIT takes the total number of arrests related to the Ponzi scam to five.

- article continues after ad - - article resumes -

Recently, the special investigation team (SIT) probing the Ponzi scheme had arrested Assistant Commissioner of Bengaluru North division, LC Nagaraj for his alleged involvement in the case. Nagaraj allegedly received a bribe of Rs 4.5 crore to give a favourable report for IMA, which was flagged by the RBI.

A corporator and a Bangalore Development Authority officer were earlier arrested in connection with the fraud.

Moreover, as the Enforcement Directorate (ED), which is probing the case simultaneously, tightened its noose on the IMA Ponzi scheme, more and more skeletons started tumbling out of the closet. Another Congress Karnataka minister, BZ Zameer Ahmed Khan was summoned by ED for questioning in the case.

Prior to this, senior Congress leader and MLA Roshan Baig’s name had surfaced in the case after he was accused by the IMA founder of taking Rs 400 crore from the latter and not returning. The absconding ‘halal’ investment owner, Mansoor Khan had released an audio clip, in which he had accused Baig of arm twisting and refusing to return Rs 400 crore.

- article continues after ad - - article resumes -

Congress legislator from Khanapur in Belagavi Anjali Nimbalkar’s husband and Karnataka IPS officer, Hemant Nimbalkar’s name had also surfaced in the investigation as he had also given a clean chit to Mansoor Khan.

Moreover, the ED which had attached assets worth Rs 209 crore in connection with the case, including 20 immovable properties and bank deposits, has also been in the process of issuing a Red Corner Notice against Mansoor Khan and examining the possibility of invoking of Fugitive Economic Offenders Act against him.

The IMA promoter has been charged with perpetrating the Ponzi scheme, which allegedly duped 40,000 investors to the tune of over Rs 2000 crore. So far, the police have received around 42,000 complaints from investors, since Mohammed Mansoor Khan absconded on June 7.

The BJP has demanded a CBI inquiry into the case.

- article continues after ad - - article resumes -

Khan has, however, expressed willingness to return to India and cooperate in the probe. Recently, Khan uploaded the 18-minute long video where he had offered to surrender and vowed to expose big politicians after coming back to India.

  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

Trending now

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

DD News temporarily shifts operations from Mandi House to Khelgaon after an employee tested positive for Coronavirus after death

News operations of DD News shifted to Khelgaon studio from the night of May 28 while Mandi house studios are sanitised

Mamata Banerjee opens up places of worship from June 1 in West Bengal, refuses to take migrants back saying Shramik Express trains are Corona...

Mamata Banerjee alleged that large numbers of workers returning is the reason behind spike in coronavirus cases in West Bengal

D10: Britain proposes new alliance of 10 democracies including India, South Korea, Australia and G7 nations to break China’s monopoly on 5G technology

The United Kingdom aims to create an alternative suppliers of 5G technology and other technologies to by forming the D10 group

IAF makes heavy-lift CH-47 Chinook helicopters operational in the Eastern air command near Indo-China border

CH-47 Chinook advanced multi-mission helicopters will be based at Air Force Station in Mohanbari in Dibrugarh of Assam near China border

White House slams Twitter for censoring US President Donald Trump but refusing to take action against glorification of Jihad

Donald Trump has been involved in a raging battle against social media giant Twitter after the latter included a 'fact-check' on his tweet.

Twitter restores ISKCON spokesperson’s account after briefly locking it, removes proof of insult of Hindus in Shemaroo video citing copyright violation

ISKCON spokesperson Radharamn Das had posted the vile video on Twitter as a proof of crime against the ISKCON and Hindus

Recently Popular

ISKCON files complaint against comedian Surleen Kaur and Shemaroo Entertainment Ltd for a video where ISKCON devotees were called ‘harami porn-waley’

Surleen Kaur had said in the video published by Shemaroo ‘no doubt we are from ISKCON, but from inside we are all harami porn lovers’.

ISKCON rejects Shemaroo Entertainment’s ‘apology’, to proceed with legal action against comedian Surleen Kaur for abusive, derogatory statements

A complaint had been filed by ISKCON organisation against comedian Ms Surleen Kaur and Shemaroo Entertainment Ltd for her abusive, derogatory remarks against the organisations, saints and Hindus.

Zaira Wasim, who had left acting for Islam, now quotes the Quran to insinuate that locust infestation in Rajasthan is ‘Allah’s wrath’

Several areas in Eastern Africa, Pakistan, and India have seen attacks by massive swarms of locusts recently. However, it is not understood why the former actress is insinuating these locust attacks as some sort of Islamic curse upon a specific group of people whom she refers to as 'arrogant'.

Woman raped by Moulvi Aslam, media gives it a ‘Hindu spin’ by using image of a saffron-clad Hindu priest and describing the perpetrator as...

A Muslim sorcerer claiming to relieve people of their miseries through his wizardry was depicted as a Hindu priest by media organisations

Nagpada police station Senior PI Shalini Sharma transferred as Uddhav Thackeray bows to pressure from Abu Azmi

"Yeh aurat kehti hain aapne police par ilzaam lagaya hain mein aapse baat nahi karegi, uske baap ke baap ke baap ko bhi baat karni padegi”, Abu Azmi was seen shouting to hundreds of his supporters outside Nagpada station.

Connect with us

228,664FansLike
355,067FollowersFollow
243,000SubscribersSubscribe
Advertisements