IMA scam: Karnataka govt orders CBI probe into ponzi scheme in which over one lakh were 'duped'

  • The Karnataka government on Tuesday entrusted the CBI to investigate the multi-crore ponzi scheme of I Monetory Advisory (IMA) and its group of entities

  • The premier probe agency will investigate all the FIRs registered against IMA and its group entities

  • The CBI has also been asked to 'identify and investigate persons involved in the illegal activities in connection with affairs of IMA, Bengaluru'

Bengaluru: The Karnataka government on Tuesday entrusted the Central Bureau of Investigation (CBI) to investigate the multi-crore ponzi scheme of I Monetory Advisory (IMA) and its group of entities which allegedly duped over a lakh of people.

According sanction to the CBI, the government in its order said it would investigate all the FIRs registered against IMA and its group entities. The premier probe agency will also enquire and investigate into all types of illegal activities of IMA

The CBI has also been asked to "identify and investigate persons involved in the illegal activities in connection with affairs of IMA, Bengaluru and its group entities."

The government directed officials of all the departments concerned to hand over data, information and records as and when required by the CBI and cooperate in the investigation.

Promising high returns, IMA operator Mohammed Mansoor Khan had allegedly duped over a lakh investors, mostly Muslims.

Updated Date: Aug 20, 2019 21:47:16 IST