IMA Jewels Founder and Managing Director Mansoor Khan was arrested on Friday morning in Delhi by the Enforcement Directorate. SIT head and Joint Commissioner of Police (crime) BR Ravikante Gowda said, “We tracked Mansoor Khan in Dubai and arranged for his return to India. Our team members will take custody of him in Delhi.”
"Once we tracked him down, our sources convinced him to surrender himself. He arrived at New Delhi at 1.55 am," Ravikante Gowda added.
Mansoor has been accused of running a ‘halal’ ponzi scheme – where the money is rotated from new investors to older investors – in the name of I Monetary Advisory (IMA). He fled India around June 13, when the scam surfaced, and investigators believe he is in hiding in Dubai. He absconded over a month ago. He has been accused of cheating 40,000 investors to the tune of Rs 2,000 crore. In a video he published on Monday, he had said that he was unwell and that he would be returning to India within 24 hours.
"I will be coming to India in 24 hours, on my will. I have full faith in the Indian judiciary," he had said.
Till date, SIT has arrested 19 people, including IAS officer and former Bengaluru Urban Deputy Commissioner Vijay Shankar (IAS), Assistant Commissioner of the Revenue Department LC Nagaraj, BDA Executive Engineer Kumar, city corporator Syed Mujahid, one religious preacher and village accountant Manjunath. Others include the 12 directors of IMA.