Founder of I Monetary Advisory Mohammed Mansoor Khan, who is accused of duping thousands of people to the tune of Rs 2,000 crore, was on Thursday remanded to 14-day judicial custody by a Bengaluru court.
The 1st CCH Court in Bengaluru remanded Mansoor Khan to 14-day judicial custody as the Enforcement Directorate’s custody ended on Thursday. The ED officials produced him before the magistrate, where the Special Investigation Team probing the IMA Scam case, requested the court permission to take Mansoor Khan into custody.
Mansoor Khan’s counsel argued that there is a major threat to his life and that he is suffering from a heart ailment. The court directed the SIT sleuths to take Mansoor Khan for an angiogram at Jayadeva Hospital in the city and later transfer him to Parappana Agrahara Central Prison.
The SIT also requested the court that Mansoor Khan must not be allowed any visitors except for his counsel, which the court agreed to. “We are expecting to question him while he is at Parappana Agrahara. After his judicial custody ends, we will petition the court for his custody as we need information, only he can provide for the investigation,” SIT sources said.
On Monday, the SIT had conducted a search operation at the office of Inspector General of Police, Criminal Investigation Department & Economic Offences.
The SIT is currently probing senior police officers, who allegedly helped Mansoor Khan obtain a clean chit and Monday’s search operation was done to obtain evidence against the current Inspector General of Police of Anti-Corruption Bureau Hemanth. The SIT’s search operation was conducted at his previous office in CID headquarters as he had served as the IGP of CID’s Economic Offences wing, when Mansoor Khan was given a clean chit.
SIT sources say that Hemanth Nimbalkar was allegedly heading the probe into the functioning of IMA run by Mohammed Mansoor Khan, after the state police had asked the CID to look into the matter following a notice it had received about IMA’s alleged illegal dealings from the RBI.
“On January 18 this year, Hemanth Nimbalkar had given a clean chit to IMA and had submitted this report to the Deputy Commissioner, Bengaluru Urban. On July 10, exactly a month after IMA scam broke out, Hemanth Nimbalkar was transferred from IGP of CID’s Economic Offences Wing to IGP of the ACB,” the SIT source said.
The sleuths say that they have recovered allegedly tampered documents pertaining to the CID’s investigation into IMA. SIT is also on the lookout for CID DySP Shridhar, who was also part of the investigation team looking into IMA.
