IMA Fraud: Continuing its raid SIT seizes Rs 11.72-cr worth jewellery, pearls, cash

News Network
June 25, 2019

Bengaluru, June 25: Continuing its investigation into multi-crore IMA fraud, the Karnataka Special Investigation Team (SIT) headed by Joint Police Commissioner B R Ravikantegowda, have seized Rs 11.72 crore worth Gold ornaments, Silver articles, Diamond jewellery,Pearls, 58 live bullets, .32 revolver and cash Rs 13.45 lakhs during raid conducted on IMA Jewellery and IMA Shops in the City.

Police, in a release here on Tuesday, said that the seized articles included 41.62 kg Gold ornaments, 14.5 carrot Diamond jewellery, 72.24 kg Silver articles, 60 carrot Pearls, 58 Live Bullets, one .32 Revolver and Rs 13.45 lakhs cash.

The kingpin Mohamad Mansoor Khan, against whom Blue Cornor notice was issued and Passport cancelled, is still absconding and it was suspected that he is hiding in Dubai. He had released a Video recently alleging that there his threat on his life and ready to return to India and repay the investors their dues, provided he and his family members were given protection by Police since some politicians and influential persons are trying to close down IMA and murder him and his family members.

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News Network
July 14,2020

Kasaragod, Jul 14: Kerala State Excise department officials confiscated hawala money to the tune of Rs 2.85 crore from a person hailing from Mangaluru.

According to sources, the officials of the Kumbala Range Excise had noticed the huge baggage containing hundreds of bundles of unaccounted currencies when they intercepted a vehicle at the border check-post at Thoominad in Manjeshwar early on Tuesday morning.

The accused Shamsudheen, who was trying to transport the illegal money into Kerala has been arrested and handed over to the Manjeshwar police authorities for further action, sources added.

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coastaldigest.com news network
February 16,2020

Udupi, Feb 16: A man, who was trapped in 15-feet-deep hole following a landslide during borwell digging work at a remote area in the coastal district, was finally rescued after a prolonged effort today.

The man, identified as Rohit, suffered minor injuries in the incident.

The incident took place at Maravanthe village near Baindur in Udupi district.

Rohit was trapped when the land around borewell was being dug collapsed suddenly. It took around six hours for the rescue workers to rescue him.

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News Network
February 11,2020

Bengaluru, Feb 11: Onion price dropped to Rs 25-30 per kg on Monday, down from the dizzying Rs 200/kg in December and January. The price had spiked because of excess rain, which ruined the crop in several parts of the country.

With supply stabilising, especially from Maharashtra and northern Karnataka, and exports banned, the rate is now easing, officials said.

Consumers may be smiling but farmers are worried as they are not able to make more than Rs 17/kg as against the expected Rs 40.

"We get onions from Nasik and Sholapur in Maharashtra. Nasik onions used to be exported but since that is currently banned, they are landing in Bengaluru, leaving the market here with a surplus," said K Lokesh, president, Karnataka State Onion Merchants Association.

A farmer from Sholapur wh o was part of a onion growers' delegation which met traders in Bengaluru, said, "The cost of everything has gone up. Labour charges and fuel prices are draining us. How can we survive? How can I pay for my children's education?"

Another Sholapur farmer rued: "My daughter's wedding is in March. How am I going to meet all the expenses? I have to pay for labour, transportation, gunny bags and when everything adds up, I don't get to save more than Rs 30,000 in a month."

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