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IMA scam: SIT issues notice to Zameer Ahmed, Roshan Baig; CA arrested

News Network
July 25, 2019

Bengaluru, Jul 25: BZ Zameer Ahmed Khan, minister in the outgoing Karnataka coalition government, has been issued notice by the Special Investigation Team (SIT) probing the IMA multi-crore fraud case.

The minister has been asked to appear before the investigation officer as part of the probe on Monday.

It may be recalled that Khan was also issued a notice by the Directorate of Enforcement (ED), which is also probing a case against IMA, earlier.

It is said that the questioning is about the financial transaction between Khan and IMA Founder and Managing Director Mohammed Mansoor Khan, related to a property.

Congress rebel MLA Roshan Baig is also issued a notice by the SIT to appear before them on Monday. Baig had already appeared before the SIT and had submitted several documents.

It is learnt that the SIT will grill Baig based on the documents he produced.

Meanwhile, a 72-year-old chartered accountant (CA) for the IMA firm has been arrested by the SIT for allegedly submitting false information to government agencies.

Iqbal Khan, a resident of Berley Street in Shantinagar, is the arrested CA.

“He used to file the returns of IMA to Income Tax, Registrar of Companies and other government agencies. It has been found that he fudged the accounts of the firm and submitted it to the agencies and projected the firm as a profit-making one. Hence, he has been arrested,” the police added.

In another development, several women investors gathered in front of the City Civil Court Complex on Wednesday, staging a protest demanding that the IMA probe should be referred to the CBI.

They also demanded that their money has to be returned at the earliest.

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News Network
February 26,2020

Bengaluru, Feb 26: The police remand of student activist Amulya Leona Noronha, who was produced before a Magistrate, after a no-show at the Metropolitan Magistrate Court, was extended by 10 more days.

The Fifth Additional Metropolitan Magistrate at the Magistrate's home on Tuesday night had remanded her to police custody for 10 days, less than the 14 days asked for by the Special Investigative Team, considering that she has already spent over four days in judicial custody.

Amulya Noronha, a student of NMKRV College for Women, had raised pro-Pakistan slogans by shouting ''Pakistan Zindabad'' at an anti-CAA protest in Bangalore on 20th February following which the city police filed a case of sedition against her.

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News Network
February 18,2020

Kasaragod, Feb 18: Police have seized counterfeit notes of Rs 45 lakh from a resident here on Tuesday.

The accused Muhammed, a native of Perla, has been taken into custody for carrying the prohibited currency and the police is investigating the crime.

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News Network
February 3,2020

Feb 3: The Karnataka government is probably the only state to have so many nodal agencies to deal with investment proposals. There is the KIADB, Karnataka Udyoga Mitra, State High Level Clearance Committee (SHLCC), State Level Single Window Clearance Committee (SLSWCC) and District Level Single Window Clearance Committee.

While the government claims these have been created to speed up the process of setting up industries, they’re only delaying it. “A four-to-five year delay in acquiring land has become the norm,’’ say industry sources.

“These entities are only adding layers of obstacles to investors and is not really helping industries,” said a senior IAS officer.

While DLSWCCs are headed by deputy commissioners are empowered to clear investment proposals up to Rs 15 crore, SLSWCC, headed by the industries minister, clears proposals more than Rs 15 crore and up to Rs 500 crore. Proposals worth more than Rs 500 crore have to be cleared by SHLCC chaired by the CM. These entities have to meet regularly and clear proposals. But often, these meetings don’t happen as scheduled. “The delay starts from here,” said Vasant Ladava, industrialist and member of Karnataka Industries and Commerce, Bengaluru.

The single-window agencies involving representatives of departments like industries, revenue, pollution control board and forest are supposed to collectively give necessary clearances required for industries. “But, of late, they have become only project approvers without other responsibilities, leaving investors in the lurch,” said Ladava.

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