IMA scam: CBI files chargesheet

Bengaluru, 08 Sep 2019 [Fik/News Sources]: The Central Bureau of Investigation (CBI), who has taken over the investigation into the multi-crore Ponzi scheme has filed first stage chargesheet of 1,000 pages in the court on Saturday September 7.

The CBI officials filed the chargesheet in the CCH court here.

The CBI has taken over the investigation into the multi-crore ponzi scheme run by Karnataka-based I-Monetary Advisory (IMA) and its group entities which allegedly duped lakhs of people promising higher returns using Islamic ways of investment.

The agency has booked the company and alleged mastermind and managing director Mansoor Khan, besides 24 other individuals and four sister concerns of the IMA, they said.

The case has been taken over on the request of the Karnataka government, they said.

Promising high returns, Khan had allegedly duped over a lakh investors, mostly Muslims.

Many touts and some religious preachers were also among those who lured people to invest in IMA, they said.

The case came to light when Khan fled to Dubai, leaving behind a video message, saying that he was committing suicide because of “corruption in the state and central governments”.