IMA Ponzi scam: Mansoor Khan’s 23 properties worth Rs 300 crore seized

Agencies
August 8, 2019

Bengaluru, Aug 8: The Karnataka government has seized 23 properties of IMA Jewellers scam prime accused Mansoor Khan valued at Rs 300 crore in five districts across the southern state, an official said on Wednesday.

"We have seized 23 properties valued at Rs 300 crore of Khan in Bengaluru, Chikkamagaluru, Davangere, Hassan and Kolar in the state as part of the investigation in the multi-crore Ponzi scheme scam," Bengaluru Urban District Deputy Commissioner K. Srinivas said here in a statement in Kannada.

The previous Congress-JD(S) coalition government had set up a Special Investigation Team (SIT) on June 11 to probe the scam in which about 40,000 people from across the state and outside were allegedly duped of their hard-earned money they invested in Khan's Ponzi scheme in the form of deposits, gold and jewellery since a decade.

"We are seeking the special court's permission to interrogate Khan on the scam as he is lodged in city central jail under 14-day judicial custody since August 1," an SIT official told IANS.

Though Khan returned to India on July 19 and to Bengaluru on July 20 from New Delhi, he has been in the custody of the Enforcement Directorate (ED) who are quizzing him on the alleged transfer of funds through 'hawala' route by his IMA Jewellers firm in violation of the Prevention of Money Laundering (PMLA) Act.

The Ponzi scam came to light on June 10 when the IMA showroom in the city centre did not open for business after a week-long closure for Eid at the end of Ramzan amid reports that Khan had fled to Dubai to escape the wrath of investors for causing huge losses to them.

In video recordings Khan released to local news channels and posted on social media such as his Facebook and Whatsapp accounts from Dubai where he was hiding since he fled from the country on June 8-9, he accused some politicians, police officials, businessmen, realtors, advocates and leaders of his religious community of having received "bribes" in crores of rupees from him over the years for building his empire.

"Of the 20 arrests made so far on charges of abetting the multi-crore fraud, former Bengaluru Urban Deputy Commissioner BM Vijayashankar was taken into custody on July 8 for allegedly taking Rs 1.5 crore as bribe from Khan to bail him out of the scam," the SIT official said.

The SIT also arrested Bengaluru North Assistant Commissioner Nagaraj on July 5 for allegedly taking Rs 4.5 crore from Khan to submit a favourable report on his company to the state government and the Reserve Bank of India in a bid to legitimise it for raising funds from banks.

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News Network
May 6,2020

Dubai, May 6: The Indian nationals cleared by the UAE health authorities and found to be asymptomatic will only be allowed to fly back home in one of India's biggest ever repatriation exercises, the Indian Embassy in Abu Dhabi has said ahead of the first set of flights on Thursday.

On Monday, the Indian government announced plans to begin a phased repatriation of its citizens stranded abroad from May 7. Air India will operate 64 flights from May 7 to May 13 to bring back around 15,000 Indian nationals stranded abroad amid the COVID-19-induced lockdown, India's Civil Aviation Minister Hardeep Singh Puri said on Tuesday.

The first two special flights that will operate from Thursday to evacuate Indians stranded in the UAE due to the coronavirus pandemic will begin with applicants from Kerala, who formed the majority of the expatriates who have registered to be repatriated from here, Indian Ambassador to the UAE Pavan Kapoor has said.

"All departing passengers will have to undergo medical screening and IGM/IGG test at the departure airport and only those cleared by the UAE health authorities and found to be asymptomatic will be allowed to board the plane,” the Indian Embassy in Abu Dhabi said on Tuesday.

According to the embassy, all passengers will be required to sign an undertaking to undergo compulsory quarantine at the destination of arrival and bear the cost of the same.

“Each passenger, at the time of boarding would be handed over a safety kit containing 2 three-layered face masks, 2 pairs of gloves and pouches/small bottles of hand sanitizers. While on board the flight, the health protocol of the Ministry of Civil Aviation of India will be strictly followed,” said the embassy.

The passenger lists for the two flights on May 7 have been finalised by the Embassy / Consulate and sent to Air India Express for issue of tickets.

The Embassy / Consulate will continue conveying the details of further special flights as and when they are announced by the Government of India, over the next few days.

Less than 2,000 Indians wishing to return home from the UAE will be flown to six Indian states in the first week of India’s biggest ever repatriation exercise named Vande Bharat Mission—sans social distancing and COVID-19 tests, the Gulf News reported.

Only those cleared by the UAE health authorities and found to be asymptomatic will be allowed to board the plane.

The short-listed applicants, who were contacted by the Indian missions on Tuesday to purchase tickets for the first two flights to Kerala on Thursday, told the Gulf News that the tickets are priced around Dh 725 to Dh 750 (over Rs 15,000).

Sharjah resident Rasheed Thayyil said his 70-year-old mother Nepheeza Thottungal, who came on a visit to the UAE in February, received an email from the Indian Consulate in Dubai which quoted an airfare of around Dh725 (approx Rs 15,000), the report said.

Another applicant from Abu Dhabi Ambily Babu said she purchased a ticket at Dh 750 from Air India Express for her Abu Dhabi-Kochi flight scheduled to fly on Thursday evening, it said.

Air India Express which is set to operate the first two flights to Kerala on Thursday will operate its Boeing 737-800 aircraft, with a seating capacity of 186 economy class seats, the report added.

With nine seats reserved for isolation, only 177 passengers would be flown, it said.

The Indian expatriate community of approximately 3.42 million is reportedly the largest ethnic community in the UAE constituting roughly about 30 per cent of the country's population, according to information available on the Indian Embassy website.

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News Network
January 23,2020

Mangaluru, Jan 23: Bajpe Police on Thursday registered yet another case against the prime accused in Mangaluru International Airport case, Aditya Rao.

According to the police, a complaint was received from the officials of Indigo flight that they had to delay their flight scheduled to take off for Hyderabad at 1615 hrs after receiving a hoax call from Aditya, threatening of bomb.

They also asserted that the passengers were de-boarded from the flight and the luggages were brought back to security check again.

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coastaldigest.com news network
August 3,2020

Mangaluru, Aug 3: As part of precautionary measures in the region during Bhoomi Pujan in Ayodhya, prohibitory orders under Section 144 will be imposed under the limits of Mangaluru City Police Commissionerate. 

The Section 144 will be in force from 8 p.m. on Tuesday (August 4) to 6 a.m. on Thursday (August 6)

Sources said that the city police commissioner Vikash Kumar Vikash has taken this step following reports about possibility of protests in Mangaluru during Bhoomi Pujan.  

The top cop has warned of stringent action against those who violate the prohibitory orders.

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