.jpg)
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.
He has been given time till tomorrow morning to file his reply as to why no action should be taken against him.
Comments
Its all about vote bank politics. In fact these pakhandi babas are rapists and believe in homosexuality Those who justify this dhongi baba are indeed knew or pretend to be blind on the fact that many non muslims producing illegal children from extra marital affairs.
Please don't call him such people as Maharaj,
Maharaj is a sacred word. He talks like a drunken man.
He does not deserve for it.
If daring why does he refer indirect. He cant say as Muslims.
The man himself did not marry and expecting his followers to make 40 children.
We have in India many Hindu friends like brothers and sisters.
These people create intolerance amongst peace lovers.
very unfortunate these coward senseless are elected as MPs.
It shows what is the mind-level of those who elected Him.
This is the strategy of BJP to field such a hate mongers to divide the country. They deserve stringent punishment for spoiling public harmony.
Why propaganda , if hindus fear , they are become minority , let these swamies to marry at least one girl and produce children as many as possible , if they capable.... as more official survey non muslims are have more than one wife than muslims..... let the govt to publish 2011 religious wise survey report...!
These swamis are drunkards....they say whatever they feel like...disgusting....must be eliminated from this earth....it will bring peace and tranquility to everyone....
Muslims have the the power and guts to do that in reality. Not like Sakshi Maharaj who afraid to get marry in his life.
What will be the end result if he is found guilty .... He should be kicked out/ Booted out from the Loksabaha...
Let him show a single person with 4 wives and 40 children.... No doubt he is expert in Ramayana and Mahabharatha stories ....
I appreciate EC action. EC should recommend removal of this hate monger and should not allow for further election. I wil appreciate if EC removes voting right of this hate monger. I agree with statement of this hate monger that money from cow slaughter is used for terrorist act. It is well known that beef exporters are bjp sympathizers and huge amount of money is given by these beef exporters to sangh parivar which is being used in terrorist acts. I think this hate monger is also getting a share.
Add new comment