Saturday, Sep 26, 2020 | Last Update : 01:56 PM IST

186th Day Of Lockdown

Maharashtra130045899280634761 Andhra Pradesh6614585881695606 Tamil Nadu5693705138369148 Karnataka5572124503028417 Uttar Pradesh3785333136865450 Delhi2644502284365147 West Bengal2410592110204665 Odisha201059165432820 Telangana1816271501601080 Bihar175898161510881 Assam167374136712625 Kerala160935111327636 Gujarat1303911105923394 Rajasthan1247301042881412 Haryana1205781012731273 Madhya Pradesh117588932382152 Punjab107096840253134 Chhatisgarh9856566860777 Jharkhand7770964515661 Jammu and Kashmir69832495571105 Uttarakhand4533233642555 Goa3107125071386 Puducherry2548919781494 Tripura2412717464262 Himachal Pradesh136799526152 Chandigarh112128677145 Manipur9791760263 Arunachal Pradesh8649623014 Nagaland5768469311 Meghalaya5158334343 Sikkim2707199431 Mizoram178612880
  India   Politics  09 Jul 2019  SIT investigates suspended Cong MLA Roshan Big in a ponzy scam case

SIT investigates suspended Cong MLA Roshan Big in a ponzy scam case

PTI
Published : Jul 9, 2019, 9:03 pm IST
Updated : Jul 9, 2019, 9:03 pm IST

The lawmaker was earlier suspended from the Congress for his anti-party activities.

This comes hours after the Shivajinagar MLA resigned from the assembly. (Photo: File)
 This comes hours after the Shivajinagar MLA resigned from the assembly. (Photo: File)

Bengaluru: The Special Investigation Team (SIT) probing the alleged IMA group ponzi scam Tuesday served a notice to Congress MLA Roshan Baig, asking him to appear before it on Thursday.

This comes hours after the Shivajinagar MLA resigned from the assembly. The lawmaker was earlier suspended from the Congress for his alleged anti-party activities.

 

"Yes. We have served a notice," an investigating officer of the SIT told PTI. The Ponzi scheme operator and owner of IMA jewels Mohammed Mansoor Khan, who has fled to an unknown destination, had in an audio message accused Baig of taking Rs 400 crore from him and not refunding it.

Baig had refuted the allegation, saying the statement was "frivolous, baseless and mischievous."

The MLA also saw his name being dragged in the case as a fallout with his adversaries in the Congress party.

Allegedly duping thousands of investors, mostly Muslims, to the tune of crores of rupees, Khan had disappeared last month.

People from Karnataka as well as Andhra Pradesh, Telangana, Tamil Nadu, Maharashtra and even Delhi fell into the trap and invested their money in the scheme.

 

The SIT has arrested 18 people in connection with the scam including the deputy commissioner of Bengaluru urban district B M Vijay Shankar and assistant commissioner of Bengaluru North sub-division L C Nagaraj.

While Vijay Shankar got Rs 1.5 crore, Nagaraj received Rs 4 crore from Khan to cover up the case and issue favourable reports repeatedly for IMA Jewels, after the Reserve Bank of India expressed concern about the functioning of the firm.

Others who have been arrested include a corporator, a Bangalore Development Authority officer and a village accountant.

The SIT had in the past raided many IMA showrooms and recovered cash, gold, silver, valuable gems and costly perfumes.

 

Tags: karnataka, roshan baig
Location: India, Delhi, New Delhi