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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News Network
April 24,2020

Riyadh, Apr 24: As many as eleven Indian nationals have died due to COVID-19 in Saudi Arabia.

"As per information available with the Embassy as of April 22, eleven Indian nationals (four in Madinah, three in Makkah, two in Jeddah, one in Riyadh and one in Dammam) have passed away due to COVID-19 in Saudi Arabia," the Embassy of India in Saudi Arabia said in a press release on Wednesday.

It urged the Indian community to remain calm and avoid spreading of rumours amid the COVID-19 crisis.

"The Embassy also reiterates the need for the community to remain calm and avoid spreading of rumours that may create panic. It is important that social media is not used to disseminate false messages and spread hatred along communal lines that can vitiate the atmosphere," the Embassy said.

"As stated by Prime Minister Narendra Modi, COVID-19 does not see race, religion, colour, caste, creed, language or borders before striking, and our response and conduct should attach primacy to unity and brotherhood," it said.

Moreover, several measures on the supply of food, medicines and other emergency assistance to Indians in need are being implemented across the Kingdom.

Earlier, Indian Ambassador to Saudi Arabia, Ausaf Sayeed on April 22 had interacted with Indian community volunteers from the smaller towns all across the Kingdom to discuss the impact of the COVID-19 situation, and evaluate the implementation of various measures to ensure the welfare of Indian nationals.

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News Network
June 20,2020

Bengaluru, Jun 20: Former Chief Minister and Congress Legislative Party leader Siddaramaiah has slammed BJP leader and former Congress MP and MLA H Vishwanath for blaming him for not getting MLC ticket.

Siddaramaiah said, "H Vishwanath is neither a fool nor intelligent, that's why he's blaming me for not getting ticket. He is in BJP and I'm in congress how will I influence his ticket."

He also slammed Chief Minister B. S. Yediyurappa, "Yediyurappa is toothless to speak to PM and asking for funds which need to be allotted to Karnataka including 5,049 crores, which 15th finance Commission suggested."

"No pro-people schemes must be stopped including Indira canteen, Yediyurappa thinks Indira canteen will bring good name to me that's why this government is trying to stop it," he added.

He was speaking after a protest organised at Mysuru against the hike in fuel prices.

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coastaldigest.com news network
April 30,2020

Mangaluru, Apr 30: Yet another case of covid-19 reported in the coastal city of Mangaluru today.  

The Dakshina Kannada district administration confirmed that a 58-year-old woman hailing from Boluru area in the city was tested positive for the coronavirus.

The woman was undergoing treatment in First Neuro Hospital at Padil where a woman from Bantwal (identified as P-501), who died of coronavirus had undegone treatment before being shifted to Wenclock. 

With this, total number of positive cases in Dakshina Kannada district has gone up to 22.

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