It is a hit job, says Karnataka Congress leader being linked to IMA scandal

india

Updated: Jun 12, 2019 23:50 IST

Six directors of I Monetary Advisory (IMA), an Islamic investment firm that allegedly duped thousands of people of around Rs 7,000 crore, surrendered before the police on Tuesday, according to a police officer.

“We will be taking them into police custody,” said Seemanth Kumar Singh, additional commissioner of police (East), Bengaluru.

The directors have been identified as Afshan Tabassum, Ahamed Afsar Pasha, Arshad Khan, Naveed Ahmed Nattamkar, Nizammuddin Azeemuddin and Nasir Hussain.

On Monday, an audio clip purportedly containing a suicide note of IMA founder Mohammed Mansoor Khan surfaced on social media, sparking panic among investors. Mansoor Khan has been untraceable since.

As many as 11,000 complaints have been filed so far, Singh said, adding that the fraud would be to the tune of Rs 7000 crore. In the clip, Khan named Congress legislator R Roshan Baig, alleging he had refused to repay Rs 400 crore that he had borrowed from the firm.

Meanwhile, the Karnataka government announced that BR Ravikanthe Gowda, deputy inspector general of police, will head the SIT formed to probe the matter. Baig, however, requested the government to hand over the case to the CBI.

“I am requesting a CBI probe because they will issue a red-alert notice and contact Interpol. Freeze his accounts, give investors their money,” Baig said.