Monday, Sep 16, 2019 | Last Update : 12:35 PM IST

K'taka Govt orders CBI probe into multi-crore IMA ponzi scheme

PTI
Published : Aug 20, 2019, 9:23 pm IST
Updated : Aug 20, 2019, 9:23 pm IST

According to CBI, the government in its order said it would investigate all the FIRs registered against IMA and its group entities.

The premier probe agency will also enquire and investigate all types of illegal activities of IMA. (Photo: File)
 The premier probe agency will also enquire and investigate all types of illegal activities of IMA. (Photo: File)

Bengaluru: The Karnataka government, on Tuesday, entrusted the Central Bureau of Investigation to investigate the multi-crore Ponzi scheme of I Monetary Advisory (IMA) and its group entities which allegedly duped over a lakh of people.

According to CBI, the government in its order said it would investigate all the FIRs registered against IMA and its group entities.

The premier probe agency will also enquire and investigate all types of illegal activities of IMA.

The CBI has also been asked to "identify and investigate persons involved in the illegal activities in connection with affairs of IMA, Bengaluru and its group entities."

The government directed officials of all the departments concerned to hand over data, information, and records as and when required by the CBI and cooperate in the investigation.

Promising high returns, IMA operator Mohammed Mansoor Khan had allegedly duped over a lakh investor, mostly Muslims.

Tags: ima ponzi
Location: India, Karnataka, Bengaluru