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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coastaldigest.com news network
May 2,2020

Mangaluru, May 2: Ibrahim Musliyar Bekal, a prominent Muslim religeous leader in coastal Karnataka has urged the Dakshina Kannada district administration not to end the covid-19 lockdown before the end of the blessed month of Ramadan. 

The appeal comes in the wake of reports that the state government may allow opening of clothe shops during the month of Ramadan to felicitate Muslims for Eid shopping.

"Muslims in the district have completely cooperated with the district administration in making the lockdown sucessfull. They have refrained from going to mosque even for Juma and Taraveeh during Ramadan. Such a lockdown is necessary to contain the pandemic," said Musliyar, who is also the Khazi of Udupi and Chikkamagaluru.

If the district administration withdraws lockdwon or relaxes it, people in large numbers may storm cloth shops wherein it physical distancing will be difficult, Musliyar warned.

He said that Muslims in the region have decided to observe Eid ul Fitr, a festival which marks the end of the blessed month, in a simple way maintaining physical distance. Hence the lockdown should be relaxed only after the festival, he suggested.

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News Network
July 14,2020

Bengaluru, July 14: Ahead of the week-long lockdown in Bengaluru starting from Tuesday night, around 35,000 people have left the city and grocery stores and liquor shops are witnessing a rush with customers thronging to stock up on for the shutdown.

According to transport department officials, labourers from other parts of the state migrated in good numbers from Bengaluru ahead of the lockdown fearing that they would have to face similar challenges as they had to confront during the previous shuttering. 

"Yesterday 35,000 passengers left Bengaluru. The number is big given the fact that we are allowing a limited number of passengers in the buses to maintain social distancing," a KSRTC official said.

Tipplers made a beeline for liquor shops and a senior State Excise official said liquor worth Rs 230 crore was sold on Monday alone.

"There was apparently a mad rush yesterday.India Made Foreign Liquor worth Rs 215.55 crore and 14.83 crore worth beer was sold...," the officer said.

In view of the rising coronavirus cases in the city at an alarming proportion, the government decided to impose lockdown from Tuesday 8 pm till 5 am on July 22.

Later, Dharwad and Dakshina Kannada districts too decided to impose a lockdown for nine days and seven days respectively from Wednesday.

"For the past two days there is an unusual rush of customers in our store," an executive of the Metro Cash and Carry said.

According to him, people are buying grocery items and vegetables with long shelf life such as onion, potato, radish, carrot and beetroot.

A salesperson at the Star Bazaar too said people were thronging the store for the past two to three days.

During the Sunday curfew, Home Minister Basavaraj Bommai said the week-long lockdown will be stringent one and government has made all arrangements to address all concerns ahead of the shutdown.

As many as 19,702 people in Bengaluru have tested positive, of which there are 15,052 active cases, while 4,328 have been discharged.

The number of fatalities as of Monday is 321.

Across Karnataka, 41,581 people have tested positive for coronavirus including 24,572 active cases, 16,248 discharges and 757 deaths since the outbreak of the pandemic in the state.
 

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News Network
April 7,2020

Bengaluru, Apr 7: Leader of Opposition in Karnataka Siddaramaiah on Monday urged Chief Minister B S Yediyurappa to announce a special package to help farmers, agriculture labourers and also working class in various sectors who are affected by the lockdown.

Mr Siddaramaiah put forth his demands during a telephonic conversation and the Chief Minister positively responding to it informed that he will formulate a programme keeping in mind the suggestions made by the Opposition, a statement from the LoP's office said.

It said, the Chief Minister also spoke to Mr Siddaramaiah regarding the government's decision to stop supply of free food for poor and needy through Indira Canteens.

Mr Siddaramaiah on Saturday had written to Yediyurappa urging him to utilise Indira Canteens efficiently and provide food for poor and needy until the coronavirus crisis and lockdown is over.

The former Chief Minister's letter had come a day after the state government had decided not to provide free food at Indira Canteens as concerns were raised about the quality and misuse that was happening.

It had, however, decided to continue to provide subsidised food- breakfast at Rs 5 and lunch and dinner at Rs 10, as usual.

Mr Yediyurappa during the phone conversation on Monday appraised Siddaramaiah that the decision to supply food by fixing a price was taken to stop misuse that was happening.

Mr Siddaramaiah, however, insisted the government should provide food free of cost to the poor and needy, by taking care that misuse doesn't happen.

The senior Congress leader asked the Chief Minister to take action against errant officials who allowed misuse to happen, the statement said, adding that Yediyurappa has promised to look into it.

Initially, the government last month had decided that the state subsidised Indira Canteens would provide food packets free of cost to the poor and needy in the wake of the lockdown.

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