IMA Ponzi scam: Rs 2.5 crore seized from arrested IAS officer

News Network
July 13, 2019

Bengaluru, Jul 13: The special investigation team probing the alleged Ponzi scam run by I Monetary Advisory (IMA) recovered Rs 2.5 crore cash from IAS officer and former Bengaluru Urban deputy commissioner BM Vijay Shankar, who was arrested last week.

According to a press release issued by the SIT, the recovered money includes the bribe amount Shankar took from IMA founder-owner Mohammed Mansoor Khan. “The remaining Rs 1 crore was also taken in the form of bribe. Shankar had given the entire Rs 2.5 crore to a city-based builder, saying he’d purchase an apartment and a piece of land,” the SIT press note said.

“The case of bribery by the accused — former DC Vijay Shankar and former AC LC Nagaraj — will be handed over to the Anti-Corruption Bureau for further investigation,” the release added.

Later in the day, SIT produced Shankar, Nagaraj, nominated corporator Mujahid and village accountant Manjunath before a local court, which remanded them in 14-day judicial custody at Central Prison. Following the court orders, the four accused were taken to the prison in Parappana Agrahara.

When SIT sleuths produced the quartet inside the packed court hall, Shankar hesitated to stand in the accused box. However, SIT sleuths forced him inside the box, where he stood with the three others. He broke down when the judge announced the decision to hand him and others to judicial custody. Shankar’s advocates tried to console him but in vain, sources said.

Investigations revealed Mansoor Khan had paid Rs 1.5 crore as advance to a company to jointly bid for constructing a dozen skywalks in the city. They had already constructed three skywalks. “The advance was made in the form of a demand draft to the company. Now, the company has returned the same DD and we have confiscated it,” the release read.

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News Network
July 15,2020

Bengaluru, Jul 15: Karnataka on Wednesday reported 3,176 new cases taking the total count of cases in the state to 47,253.

A total of 1,975 new cases were reported from the Bengaluru alone, the state's health department said.

The toll has gone up to 928 with 87 deaths reported today.

The total count of COVID-19 cases in the country is 9,36,181.

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News Network
July 17,2020

Bengaluru, July 17: A 60-year-old woman who tested positive for Covid-19 allegedly ended her life in the Covid ward at KC General Hospital in the early hours of Friday.

The woman, the fourth Covid positive patient to end her life since April, was a resident of Mariyappanapalya near Jnanabharathi in West Bengaluru. She was found hanging from a window grille in the passage of the Covid ward around 5 am. She had used her sari to hang herself.

The police said that the woman was admitted to the hospital on July 1. She was responding well to the treatment and was almost cured. Her son was infected first and admitted to the same hospital. As she later tested positive and got admitted, her son was discharged on July 11. The police suspect that the woman may have resorted to the extreme step due to depression.

An investigating officer quoted doctors telling the police that they were about to inform the woman about her discharge date on Friday. Doctors were waiting for the report on her latest test before discharging her.

The woman’s body will be subjected to an autopsy as per the Covid standard procedure. The Malleswaram police have taken up a case of unnatural death. Investigations are on. 

On July 11, a 70-year-old man ended his life in the toilet of the Covid ward in Victoria Hospital, while a suicide was reported in the same ward on June 26. A 60-year-old woman also hanged herself in the toilet. Her son, daughter-in-law, and grandson were also admitted to hospital for Covid-19.

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News Network
July 22,2020

Bengaluru, Jul 22: On Wednesday morning starlet and Bigg Boss 3 contestant Jayashree Ramaiah sent social media into a tizzy with an update that read, “I quit. Goodbye to this f*****g world and depression.” Friends and acquaintances immediately began reaching out to the actor asking her to return their concerned calls and desist from taking any extreme steps.

“Jayashree has been battling depression for a while now. She had family issues and was also concerned about the lack of work,” shares actor Ashvithi Shetty. The Ramachari twins were in touch with Jayashree since they met at a celebrity cricket match four years ago. “She has shared several times about how low she’s been and I would try to cheer her up. But the problem was that she’d keep changing her phone number so often that it became difficult to keep track of how she was doing,” states Ashvithi.

Around four months ago, Jayashree moved into her own home and mentioned to her that she was happy with this new development in her life. “But she went retreated again and a few days ago, I messaged her on social media and she said she was doing fine. So I was shocked to see this update on Wednesday morning,” avers the actor. Repeated calls finally elicited a message from Jayashree that she was getting admitted to the hospital. “But I also got contradictory information that she had been discharged and had been taken to the hospital again but she was refusing to go inside. I am awaiting more clarity on the issue,” sums up Ashvithi.

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