CBI gets 5-day custody of IMA Chairman Mansoor Khan, seven others

Bengaluru, 14 Sep 2019 [Fik/News Sources]: A special CBI court here on Thursday granted a five-day custody of Mohammed Mansoor Khan, the main accused in the multi-crore ponzi scheme run by IMA Jewels, along with seven directors of the firm to the CBI until September 16.

The CBI team probing the case had sought Khan’s custody to conduct further investigations.

Khan and the seven directors – Nizamuddin, Nasir Hussain, Naveed Ahmed, Waseem, Ashran Khan, Apsar Pasha and Dadapeer – were on Thursday presented before the special CBI court in the city.

The CBI had taken over the investigation on September 2 on the request of the state government and had submitted the first chargesheet on September 7.

The IMA fraud had come to light on June 10 when an audio clip surfaced in which Mansoor had addressed his investors stating that he would commit suicide as his business had run into bad weather due to mounting losses. Mansoor had attributed the losses to some politicians, especially the suspended Congress MLA Roshan Baig and some officers.

He was arrested by the Enforcement Directorate on July 19 at the Indira Gandhi International Airport in New Delhi after he had landed from Dubai.