Bengaluru Ponzi scam: SIT officers enter IMA Jewels showroom, find it 90% empty

TNN
June 18, 2019

Bengaluru, Jun 18: Sleuths who entered the Jayanagar showroom of IMA Jewels — one of the entities of IMA Group being probed for its Ponzi operations — found 90% of the ornaments in the display units had disappeared.

The Special Investigation Team suspects the IMG Group founder-owner Mohammed Mansoor Khan may have taken the jewellery with him when he fled the country on June 8. The remaining jewellery is being evaluated and could be worth Rs 20 crore, SIT sources said. The inspection was conducted on Monday.

SIT sleuths have searched the houses of two women, including a former wife of Khan, and seized gold ornaments, Rs 2 lakh in cash and a laptop used by him.

With 1.25 lakh people having lost their money to Ponzi scams in Bengaluru in the past decade, new Bengaluru City police commissioner Alok Kumar said preventing such fraudulent schemes will be one of his priorities.

The Karnataka government said it was considering setting up fast-track courts to try Ponzi cases, and revenue minister RV Deshpande told TOI the government was contemplating a new law in this regard.

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coastaldigest.com news network
May 29,2020

Dammam, May 29: A woman hailing from Mangaluru, who was waiting for repatriation amidst coronavirus lockdown in Saudi Arabia, passed away yesterday after a brief illness.

The deceased has been identified as Lateefa (55), wife of Abdul Azeez, a resident of Angaragundi near Baikampady on the outskirts of the city.

She had flown to Saudi Arabia in November 2019 along with her husband to spend some time with their NRI son in Dammam. They were supposed to return in April this year.

After the sudden cancellation of regular flights due to lockdown, they were waiting for the repatriation flights from Dammam to Mangaluru or Bengaluru.

Meanwhile, Lateefa’s health condition worsened and she was hospitalised. She passed away on Thursday without responding to any treatment. Last rites are expected to take place in Dammam.

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News Network
March 2,2020

Bengaluru, Mar 2: BJP leader and Karnataka cabinet minister BS Sriramulu's daughter Rakshita's wedding will take place with Sanjeev Reddy here on March 5. The nine-day function will cost crores of rupees.

For the wedding, decorations and arrangements are being done at Sriramulu's home here.

The reception will take place in Bengaluru Palace Ground on March 5.

"I couldn't invite you all in person but I tried to welcome you all. Through the media, I am again inviting you all. We are not performing a pretentious wedding. I invite you all on March 5 at Palace Ground," Sriramulu said.

After BJP leader Janardhan Reddy's daughter's marriage in Bengaluru Palace Ground, the marriage of Sriramulu's daughter is being considered one of the costliest marriages in Karnataka's history.

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News Network
July 3,2020

Mangaluru, Jul 3: Four central crime branch (CCB) police personnel tested positive for coronavirus on Friday in Dakshina Kannada district in Karnataka.

So far, eighteen police personnel, including an official of the ACP rank and 12 from Ullal police station, have tested positive for Covid-19 in the district in the last few days, police sources said.

A policeman from Mangaluru Rural station and another from Puttur station have also been infected.

All the personnel who tested positive have been admitted to the designated Covid-19 hospitals.

City police commissioner Vikash Kumar Vikash said adequate protection has been provided to police personnel who were fighting the pandemic and the members of their families.

As of Thursday, the total coronavirus cases in the district stood at 923 and the toll 18 while the state's infection count has crossed the 18,000 mark with 272 deaths.

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