IMA scam case: Ex-minister Roshan Baig in 3 days CBI custody
Team Udayavani, Nov 26, 2020, 9:03 AM IST
Bengaluru: A special court on Wednesday granted CBI three days custody of former Congress minister R Roshan Baig, arrested in connection with the multi crore I- Monetary Advisory (IMA) ponzi scam, agency sources said.
“We have obtained three day custody of Roshan Baig till November 28 to further probe his role in the IMA scam,” a CBI source told PTI.
Baig, who was disqualified as a Congress legislator after he revolted against the party last year, was arrested on Monday.
CBI sources said he will be ‘confronted’ with the mastermind of the ponzi scam, Mohammed Mansoor Khan, who is now in CBI custody till November 27.
Baig’s arrest came close on the heels of questioning Bengaluru Additional Commissioner of Police (Administration) Hemant Nimbalkar, another accused in the case, on November 22.
The multi-crore ponzi scheme, run by Karnataka-based IMA and its group entities, allegedly duped over a lakh of people to the tune of Rs 4,000 crore promising higher returns using Islamic ways of investment, the sources said.
The scam came to light in June 2019 when the IMA operator Mohammed Mansoor Khan fled the country accusing Baig and some government officers of cheating him.
Khan had alleged that Baig had taken about Rs 400 crore from him, a charge rejected outright by the latter.
Khan came to India after much persuasion by the police and surrendered.
The then coalition government of Congress and JD(S) had formed a Special Investigation Team to probe the matter. However, the BJP government which came to power later handed over the case to the CBI.
The central agencuy has arraigned an IAS officer, two IPS officers, a Karnataka Administrative Service officer and a corporator as accused, among others, in the case after the state government grantedpermission for prosecuting them.
The IAS officer, who was the former deputy commissioner of Bengaluru Urban district, had allegedly died by suicide in his house a couple of months ago.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Will decide future course of action after discussing with supporters: Sumalatha Ambareesh
JD(S) announces candidates for Lok Sabha elections
NIA announces Rs 10 lakh reward each on two accused wanted in Rameshwaram Cafe blast case
BJP files EC complaint against Siddaramaiah’s son over abusive language against Modi, Shah
Only Modi & Shah can solve all problems at national level: ex-PM Deve Gowda
MUST WATCH
Latest Additions
Shots fired at private university in Noida, 2 students arrested
Govt cautions people against calls impersonating DoT, threatening to disconnect mobile numbers
Kamlesh Shah quits as Congress MLA from Kamal Nath’s home turf Chhindwara, joins BJP
Congress should fulfil tax obligations instead of levelling allegations against I-T dept: BJP
Chandrababu Naidu promises to develop Rayalaseema region if voted to power