Ponzi scam: CBI files charge sheet against IMA founder Mansoor Khan

Agencies
September 9, 2019

Bengaluru, Sept 9: The Central Bureau of Investigation (CBI) has filed a charge sheet against Mansoor Khan and others in the alleged multi-crore IMA ponzi scam case.

The charge sheet was filed by the investigating agency on September 7. After taking over the case on September 2, the agency filed an FIR against Khan and 25 persons in the case.

The scam came to light in June this year after the prime accused and IMA's Managing Director Khan fled the country, leaving behind a video message, in which he threatened to commit suicide due to alleged 'harassment' by some politicians and goons.

Last month, the Karnataka government had transferred the case to the agency.

Karnataka-based I-Monetary Advisory (IMA) firm is accused of duping thousands of people by promising high returns using Islamic ways of investment.

In July, Khan was arrested on his arrival from Dubai after a Special Investigation Team (SIT) probing the scam located and persuaded him to come to India and submit before the law. Following this, he was sent to the judicial custody.

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coastaldigest.com news network
May 31,2020

Udupi, May 31: As many as 10 people have been tested positive for coronavirus in Udupi district today. 

The district has registered a total of 187 positive cases so far. Majority of the positive cases in Udupi district have inter-state travel history to Maharashtra.

Meanwhile, 14 people including three children who recovered from COVID -19 discharged from Government Hospital in Kundapura, in Udupi district.

Kundapura AC Raju, DHO Dr Sudhirchandra Sooda, taluk medical officer Dr Nagabhushan Udupa handed over a rose to all the discharged. With this, a total of 64 persons have been recovered and discharged in the district.

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News Network
May 10,2020

Bengaluru, May 10: Karnataka on Sunday reported 59 new cases of coronavirus, taking the total number of cases in the state to 848, informed state health department.
Out of the total number of cases, 422 people have been discharged and 31 have died due to the infection in the state.
The health department further informed that six COVID-19 patients are currently in the Intensive Care Unit.

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coastaldigest.com news network
February 18,2020

Mangaluru, Feb 18: Within days after Kambala racer Srinivasa Gowda emerged a national hero, another Kambala racer Nishant Shetty has grabbed headlines. 

Nishant Shetty from Bajagoli Jogibettu reportedly broke Gowda’s record at the Venoor Kambala on Sunday. Shetty recorded 143m in 13.68 seconds. If calculated for 100m he clocks it in 9.51 seconds. His speed is faster than Gowda who clocked 9.55 seconds.

According to Kambala organisers, with Shetty’s feat, four participants have joined the elite club of racers who have completed the 100 metres in less than ten seconds.

They are Iruvathur Anand (9.57 secs), Akkeri Suresh Shetty (9.57 secs), Srinivas Gowda (9.55 secs) and Nishant Shetty (9.51 secs). Anand and Suresh Shetty had participated in the same Venoor Kambala where Nishant emerged first.

Kambala is an annual race held in Karnataka where people sprint 143m through paddy fields with the buffaloes. During the race, the racers try to bring the buffaloes under control by holding their reins tight and beating them, making it amply clear that the animal plays an equally important role in achieving the timing. Traditionally, it is sponsored by local Tuluva landlords and households in the coastal districts of Dakshina Kannada and Udupi.

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