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IMA Ponzi scam: People from coastal Karnataka among victims

News Network
June 20, 2019

Udupi, Jun 20: Many people from coastal Karnataka too have reportedly invested in the I Monetary Advisory (IMA), an alleged Ponzi scheme, whose owner is currently absconding. A woman in Udupi has already filed a complaint with cyber police claiming that that she invested Rs 50,000 and got duped by the Ponzi scheme.

Police said that complainant S K Nahida, 30, wife of Ismaeel, a resident of Gujjarbettu in Malpe police station limits, had invested about Rs 50,000 in two parts.

She had used NEFT to transfer money to the IMA account, and was promised of getting 3.5 per cent interest rate on her investment per month. 

According to the victim, she learnt about the scheme from one of her friends from Mangaluru, and invested the same in December 2018. After a month, her account was credited with Rs 1,250 and Rs 1,278. However, after that, no more money was credited to her account.

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News Network
April 18,2020

Bengaluru, Apr 18: The Indian Council of Medical Research has approved 16 laboratories, comprising 11 government and five private laboratories in Karnataka, for testing the samples of COVID-19 suspected cases, the state government said on Saturday.

Meetings and negotiations were held with some private laboratories for conducting COVID-19 sample testing, additional chief secretary (health and family welfare) Jawaid Akhtar said in a circular.

"Based on the negotiations, the cost per test has been fixed at Rs 2,250," the circular read.

These private labs have to abide by the conditions laid down by the state and union governments, it added.

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News Network
February 18,2020

Bengaluru, Feb 18: Passengers of the Ahmedabad bound GoAir flight had a providential escape when the engine of the aircraft while on the roll of take-off hit by a foreign object at the Kempe Gowda Bengaluru International Airport on Tuesday.

'The right engine of GoAir flight G8 802 from Ahmedabad to Bengaluru is suspected to have suffered from foreign object damage (FOD) while on take-off roll,' an official statement said.

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News Network
January 17,2020

Mangaluru, Jan 17: An auto-mobile shop at Deralakatte here caught fire on Friday incurring huge loss on the shopkeeper.

According to police, the incident happened in the morning when the shop owner opened the shop.

Locals suspect that miscreants might have set the shop on fire and had escaped from the scene at night.

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