The Special Investigation Team (SIT) formed to probe the multi-crore I Monetary Advisory (IMA) scam on Thursday seized the cars and other moveable properties belonging to its absconding Managing Director Mansoor Khan and the company's head office.
Till now police have received 15,000 complaints from Bengaluru alone. Mysuru Police also have also started registering complaints. The numbers are expected to go up further. The scam is similar to the recently unearthed “halal” ponzi schemes which targetted Muslims exploiting their belief systems.
A luxury SUV parked at the airport has been seized along with a high-end sports car which was seized from his residence.
Police suspect that Mansoor Khan is hiding in the Middle East where he flew just before the scam came to light.
Investigators are trying to ascertain the details and value of the company’s assets at the moment. Meanwhile, police had already arrested the seven other directors of the company who surrendered on Tuesday. Their passports have also been seized.
The seven are Dada Peer, Nasir Hussain, Naveed Ahmed Nattamkar, Nizammudin Azeemuddin, Afshan Tabassum, Afsar Pasha and Arshad Khan. Incidentally, all these directors own a miniscule percentage of the company.
Speaking to TNM, Commercial Street Police Station Inspector Shekhar, who is part of the SIT, said, “We have seized the car and locked down their offices. All the seven persons will continue to remain in custody for the next 10 days.”
The SIT chief Deputy Inspector General (DIG) of Police Ravikanthe Gowda is expected to brief the public over the investigation in the coming days.
Meanwhile, former Chief Minister Siddaramaiah lashed out at Congress MLA Roshan Baig who was embroiled in this conspiracy.
Speaking to reporters in Mysuru, Siddaramaiah said, “Roshan Baig should not speak to the media but instead should talk to the SIT.” Siddaramaiah assured that the investors would get their money back and the government will take appropriate action.
Siddaramaaiah’s statements come after a day Roshan Baig cried “political conspiracy” over his name being dragged into the scam, Addressing reporters in the Press Club, Roshan Baig had said, “After my recent political fallouts, some of my adversaries have made a full-fledged attempt at assassinating my character by orchestrating a series of events using underhanded methods. The entire hitjob has been carried out using a baseless, un-investigated audio recording.”