IMA Ponzi scam: Bengaluru Urban DC arrested on charge of taking bribe

News Network
July 9, 2019

Bengaluru, Jul 9: The Special Investigating Team (SIT) probing the IMA multi-crore Ponzi scam yesterday arrested senior IAS officer B M Vijayashankar, the Deputy Commissioner of Bengaluru District (Urban).

Vijayshankar has been arrested on charges of allegedly taking a bribe of Rs 1.5 crore from IMA to forward a favourable report about the company to the Reserve Bank of India (RBI).

The RBI had earlier sought reports from the Karnataka government on investment companies including IMA about its functioning and the Ponzi schemes they have doled out in the city and the state.

Vijayshankar took charge as the Bengaluru DC Urban in July last year and he is the second senior government official and bureaucrat being arrested in connection with the involvement in the IMA case. The earlier arrested government official was assistant commissioner LC Nagaraj.

The SIT will take custody of Vijayshankar and question him about the bribe of Rs 1.5 crore and will proceed with efforts on recovering it, a senior SIT official said.

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News Network
March 13,2020

Bengaluru, Mar 13: District administration in Kalaburagi, where the first death in India due to COVID-19 was reported, has identified over 25 people, who come close to the deceased and quarantined for observation, Minister for Health B Sreeramulu said on Friday.

In reply to a debate on the issue during Zero Hour of the Legislative Assembly, the Health Minister said that two members of the victim’s family and 23 others are suspected of COVID-19.

Mr. Sreeramulu said all the schools of the district have been as a preventive measure to contain the deadly virus.

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News Network
April 28,2020

Mangaluru, Apr 28: Trucks carrying fish loads from Kerala will not be allowed to enter Dakshina Kannada district as the authorities are not being able to control the rush in markets, state Fisheries Minister and district-in-charge Kota Srinivas Poojary said Monday.

The deputy commissioner has been instructed to restrict the entry of fish transport vehicles from outside the district forthwith, in view of the difficulty in maintaining social distancing at the markets identified in the district, the minister told reporters here.

The coastal district has to take more precautionary measures to fight COVID-19 as the number of positive cases have risen in the last couple of days, he said.

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News Network
June 4,2020

Bengaluru, Jun 4: Assuring support to reform the police department, Karnataka Chief Minister B S Yediyurappa on Thursday directed officials to strengthen Cyber Crime, Economic Offences & Narcotics (CEN) stations and forensic labs in the state.

The Chief Minister who held a review of the Home Department, lauded the work of police personnel during the COVID-19 crisis, and promised necessary help to reform the department.

Pointing at the changing scenario, the Chief Minister instructed officials to give priority to strengthen CEN stations, his office said in a release. Similarly, for quick detection of crimes, necessary action will be taken to strengthen forensic labs, he added. During the meeting it was also decided to continue more than 3,000 home guards, who were in the fear of losing jobs, and to deploy them to various departments.

Yediyurappa directed officials to take necessary steps to make home guard services available to private organisations also. Officials informed the Chief Minister that all necessary COVID-19 related precautions have been taken at prisons and no case has been reported so far at jails. They said as per Supreme Court directions, 5,005 people were released on bail and parole, and congestion of prisoners at prisons has been reduced from 110 per cent to 95 per cent.

Yediyurappa also asked the officials to submit a proposal based on facts towards development of basic amenities that comes under the Home Department.

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