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Bengaluru, June 24: City-based I Monetary Advisory (IMA), which duped thousands of families, mostly Muslims, in the name of halal investment, has become a bitter reality of "we were robbed by our own people". All the accused except its CEO Mohammad Mansoor Khan have been released on bail in this ponzi scam worth thousands of crores of rupees.
The scam has not only been investigated by SIT and CBI, but it has reverberated many times in the Assembly, corridors of power, and in the courts.
Around 80,000 investors are in trouble after the Monetary Advisory (IMA) scam came to light. Many investors have left this world, many families have split, many marriages have broken down and many have become unemployed, homeless, helpless and hapless. One of the senior IAS office, who had faced arrest in the scam, reportedly killed himself just a day ago.
It has been more than a year since this multi-billion scam came to light. But the affected families still do not see any ray of hope. The government, led by senior IAS officer Harsh Gupta, has set up a special competent authority to address investor grievances in the matter.
According to information provided by Harsh Gupta, investors have to be paid Rs 2,900 crore. But the value of the company's assets seized so far could be around Rs 450 crore. The process of auctioning the assets has not started yet. The authority has developed an online portal for submission of claim forms from investors. But the process of taking applications has not started yet. Syed Gulab, a social worker overseeing the case, says that after all the claim forms have been submitted, we will get a clear picture about the exact number of investors and the total amount of arrears. But this process may take a few more months to complete.
Senior journalist Maqbool Ahmed Siraj says that IMA has systematically deceived people in the name of halal investment through capital scheme. In 2006, Muhammad Mansoor Khan, a one-time small businessman, set up a company. He began to attract large number of investors by creating the greed for more profit among middle class and poor people.
By 2015, the company had received money from more than 12,000 investors and continued to pay monthly profits. By the time the company closed in 2019, 80,000 people had invested their hard-earned money here. In Bengaluru, the company expanded its reach by investing in two major gold showrooms, hospitals, schools, several medical stores, a publishing center, a supermarket, and real estate firm.
Mr Siraj says that Mansoor Khan and his team not only lured the poor and middle class to pursue their own interests but also created a favourable atmosphere for their so called business by winning the hearts of politicians, government officials, clerics, religious institutions and media.
Unsuspecting people invested their money in a bid to make more profit in less time. When the company stopped making profits and Mansoor Khan suddenly fled on June 9, 2019, the investors woke up the to the reality.
Apart from residents of Bengaluru and other parts of Karnataka, people from Tamil Nadu, Andhra Pradesh, Telangana, Maharashtra other states also have invested their money.
Comments
God says there is no God but him alone. He also says in QURAN that those who associate partners with him will not enter Paradise which is eternal (No death there). An intelligent person will not take it as simple msg, He will check if it is really God speaking or any man made thing...
So this intelligent person will research and study the Quran, also previous scriptures (original bible & torah and there are some elements in Vedas) to know WHAT IS THE PURPOSE OF OUR LIFE?
When our intention is HONEST to look for the TRUTH, GOD who put soul in us and CREATED us will surely show us the Signs of HIM and those who got his guidance are really BLESSED...
If some Muslims wants to hide the non muslims of the TRUTH of associating partners with him ... it is HE is hiding the TRUTH with U non muslims of severe punishment for associating partners with him...
God is JUST he created us and we worship man made things ... isnt it right that people recognise this TRUE GOD and WORSHIP him alone.
Quran explain in Surah 114:
Say He is ALLAH, the one and only,
ALLAH , the eternal absolute,
He begetheth not Nor is he begotten
And there is NONE like unto HIM
VEDAS also says \NA TASYA PrATIMA ASTI - There is no image of God.
Krishna is just like human (So TRUE MUSLIMS cannot except him as GOD) . There will be some illiterate in the knowledge of God in Muslim community as well... It is either bcos of his weak faith or other reasons. God knows best what is their FATE...
But for ME ... I cannot deny GOD and join the party of associating partners with HIM ... O ALLAH save me from SHIRK and Save me from the HELL fire which is eternal (No death there too)"
i posted the one comments and my name is missing. please add it while publishing
Ideal worship is Haraam & Shirk. we believe there is only one creator and we cant see him. otherwise i could have joined and enjoyed these kind of get together along with my non Muslims Brothers. But being Muslim our first faith itself is One God and for him no partner and no family. But my family and me Love our Non Muslim Brothers and Sisters so much as our own family members.
Communal peace and harmony not by celebrating Krishna Jayanthi or Mohammed Jayanthi... It is completely prohibited in Islam even Prophet's (PBUH) birthday celebration.
We can bring communal harmony in the society by helping one another, understanding one another feeding poor people in all community.. Brotherly life in the society... Celebrating these kind of Jayanthi just for name sake..it is not acceptable at all..
Ramya should celebrate this and talk about unity of the society she always wanted to divide the both opposite community. be like a true Indian celebrated the everything comes to the life.
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