[ad_1]
A particular court docket on Wednesday granted CBI three days custody of former Congress minister R Roshan Baig, arrested in reference to the multi crore I- Monetary Advisory (IMA) ponzi rip-off, company sources stated. “We have obtained three day custody of Roshan Baig till November 28 to further probe his role in the IMA scam,” a CBI supply advised PTI.
Baig, who was disqualified as a Congress legislator after he revolted towards the social gathering final yr, was arrested on Monday. CBI sources stated he can be ‘confronted’ with the mastermind of the ponzi rip-off, Mohammed Mansoor Khan, who’s now in CBI custody until November 27.
Baig’s arrest got here shut on the heels of questioning Bengaluru Additional Commissioner of Police (Administration) Hemant Nimbalkar, one other 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 individuals to the tune of Rs 4,000 crore promising larger returns utilizing Islamic methods of funding, the sources stated.
The rip-off got here to gentle in June 2019 when the IMA operator Mohammed Mansoor Khan fled the nation accusing Baig and a few authorities officers of dishonest him. Khan had alleged that Baig had taken about Rs 400 crore from him, a cost rejected outright by the latter.
Khan got here to India after a lot persuasion by the police and surrendered. The then coalition authorities of Congress and JD(S) had shaped a Special Investigation Team to probe the matter.
However, the BJP authorities which got here to energy 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, amongst others, in the case after the state authorities grantedpermission for prosecuting them.
The IAS officer, who was the previous deputy commissioner of Bengaluru Urban district, had allegedly died by suicide in his home a few months in the past.
[ad_2]
Source hyperlink