CBI raids two income-tax officials in IMA multi-billion investment scam

News Network
December 31, 2019

Bengaluru, Dec 31: The premises of two income-tax officers in Bengaluru were among eight places that the CBI searched in connection with the multi-billion IMA scam, officials said on Monday.

The officers are Saurabh Nayak, then Deputy Commissioner, Income Tax (Investigation), and D Kumar, Assistant Commissioner, Income Tax (Assessment), they said.

The officers are suspected to have favoured IMA founder Mohammed Mansoor Khan and turned "a blind eye" to his questionable transactions, they said. Five places were searched in Bengaluru and one each in Karwar, Salem and Hosur.

The search also covered the premises of three individuals named Asish Jain, Kiran Pamidi and Kaizer Basha, they said.

Nayak and Kumar had searched the IMA offices and assessed its accounts in 2017, but they allegedly did not take action on irregularities in the deduction of TDS on the interest paid by the company and ignored huge cash payment entries in the account books, officials said.

The CBI also found that the accounts of IMA that were frozen after income-tax searches in 2017 were subsequently defrozen. The agency suspects that Khan paid huge bribes to the income-tax officers for the alleged omission.

The CBI probe shows that various entities of the IMA Group had raised illegal and unauthorised deposits to the tune of over Rs 4,000 crore from innocent investors in a dishonest and fraudulent manner, sources said. As on date, over Rs 3,000 crore is outstanding in the form of principal amount and interest in respect of 76,000 investors, they added.

Further investigation is ongoing to unearth the larger conspiracy, the money trail, the end beneficiaries and the diversion of funds, the sources explained.

The CBI has filed two charge sheets against 22 people, including directors, chartered accountants, middlemen and the company and its sister concerns.

The CBI had booked Khan, the IMA founder and managing director, and others after the Karnataka government tasked it with the investigation, the officials said.

The case came to light when Khan fled to Dubai in early June, leaving behind an audio message, saying that he was committing suicide because of "corruption in the state and central governments". Khan was arrested on July 19 upon his arrival in New Delhi by the Enforcement Directorate (ED) and is currently in judicial custody.

He had allegedly promised returns ranging from 2.5% to 3% per month to the mainly Muslim investors in the name of Halal investments. The Karnataka government had constituted a special investigation team (SIT) of the police to investigate the scam before handing it over to the CBI.

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News Network
January 5,2020

Bengaluru, Jan 5: BJP leader and Karnataka Chief Minister BS Yediyurappa once again blamed the Congress of creating 'confusion' among the Muslim community over the Citizenship (Amendment) Act-2019 while launching a door to door campaign to dispel such rumors.

Yediyurappa was on a door-to-door campaign to make people aware of the Citizenship (Amendment) Act and to allay their fears.

"Unnecessarily, the members of Congress are creating confusion among the Muslim community. I assure you that not a single Muslim will be affected because of CAA," said B. S. Yediyurappa.

"Almost all previous Prime Ministers have supported it, now Congress is creating a problem so as to create confusion among Muslims. That's why we are out on the door-to-door campaign," he said.

The Citizenship Amendment Act, 2019, seeks to grant Indian citizenship to Hindu, Christian, Sikh, Buddhist and Parsi refugees from Pakistan, Afghanistan, and Bangladesh and who entered India on or before December 31, 2014.

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Sunday, 5 Jan 2020

 

U may confuse people with such statements but WE MUSLIMS, DALITS and some of our other HINDU Brothers are not in any Confusion on the chronology of NPR, CAA and NCR..  WE are firm that we will never allow you to go ahead with these discriminatining laws

 People are NOT FOOLS to believe all your JUMLAS

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News Network
February 21,2020

Thiruvananthapuram, Feb 21: A school in the city has allegedly denied admission to a boy whose parents did not fill the religion column in the application form, prompting the Kerala education department to seek a report.

The parents, Naseem and Dhayna, had sought admission for their son to the first standard at the St Mary's school, a government-aided institution. They alleged that school authorities had claimed that registration will not be possible on the education department's 'Sampoorna' portal without filling the 'religion' column.

"We were informed by the school authorities that it was not possible to give admission to our child as we wrote 'nil' in the religion column. They claimed that if nil is mentioned, the admission process will not get registered in the school management software of the education department," Naseem said.

Sampoorna is a school management system project implemented by the Kerala education department to automate the system and process of over 15,000 schools in the state.

The parents later approached the ministry and the Directorate of Public Instruction (DPI) to get further clarification.

"The state government officials denied that there were any issues with the software and confirmed to us that the admission process was going on.

When we approached the school authorities again, they asked us to give in writing that we, the parents will take responsibility of any issues that may occur in the future," Naseem said.

The parents then decided not to enroll their son at the school due to the manner in which the issue was handled by the institution. Reacting swiftly, the state government sought a report from the DPI and the deputy director of the education department on the matter.

"We have asked the DPI and the deputy director of the education department to look into the matter and file a report as soon as possible," Education minister C Raveendranath told PTI. The parents said after the news spread, a school official called them offering admission.

"But we decided not to enroll him there due to the approach of the school authorities," he said.

Naseem runs a catering business after returning from the Gulf.

The school management in a release claimed that they sought a letter in writing from the parents to avoid trouble in the future. "When school authorities asked why the religion column was left blank, the parents said they were not interested in filling that part. The parents have that right.

But most benefits given by the government to school children are based on religion. We just wanted to ensure that the parents take the responsibility in case the student misses out any such benefits in the future," the management said.

School authorities maintained they never denied admission to any student. The parents are now looking for admission for their son in other schools in Thiruvanathapuram.

Ravindranath recently claimed in the state Assembly that over one lakh children in Kerala had left columns relating to caste and religion blank in school admission records during the 2017-18 academic year. In a written reply, he said as many as 1,24,147 children had not filled these columns while enrolling in different classes in government and government-aided schools during the period.

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News Network
April 27,2020

Madikeri, Apr 27: Four labourers, who were travelling to Kerala via Makutta on foot, were stopped by Karnataka Forest Department officials and handed over to police.

Police said on Monday that the labourers identified as Anish, Radhakrishna, Shrinil and Prabhakar, who were working in the Coffee plantations in Chembellur and Ontiyangadi. As the roads to Kerala were sealed following lockdown, they were held up in the district.

The forest guards, who spotted them walking through the forest area, brought them back to the town as per the directions of the higher officials last evening. DCF Shivashankar, ACF Konerira Roshni and Ranger Arun Kumar were present.

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