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Bengaluru, June 24: City-based I Monetary Advisory (IMA), which duped thousands of families, mostly Muslims, in the name of halal investment, has become a bitter reality of "we were robbed by our own people". All the accused except its CEO Mohammad Mansoor Khan have been released on bail in this ponzi scam worth thousands of crores of rupees.
The scam has not only been investigated by SIT and CBI, but it has reverberated many times in the Assembly, corridors of power, and in the courts.
Around 80,000 investors are in trouble after the Monetary Advisory (IMA) scam came to light. Many investors have left this world, many families have split, many marriages have broken down and many have become unemployed, homeless, helpless and hapless. One of the senior IAS office, who had faced arrest in the scam, reportedly killed himself just a day ago.
It has been more than a year since this multi-billion scam came to light. But the affected families still do not see any ray of hope. The government, led by senior IAS officer Harsh Gupta, has set up a special competent authority to address investor grievances in the matter.
According to information provided by Harsh Gupta, investors have to be paid Rs 2,900 crore. But the value of the company's assets seized so far could be around Rs 450 crore. The process of auctioning the assets has not started yet. The authority has developed an online portal for submission of claim forms from investors. But the process of taking applications has not started yet. Syed Gulab, a social worker overseeing the case, says that after all the claim forms have been submitted, we will get a clear picture about the exact number of investors and the total amount of arrears. But this process may take a few more months to complete.
Senior journalist Maqbool Ahmed Siraj says that IMA has systematically deceived people in the name of halal investment through capital scheme. In 2006, Muhammad Mansoor Khan, a one-time small businessman, set up a company. He began to attract large number of investors by creating the greed for more profit among middle class and poor people.
By 2015, the company had received money from more than 12,000 investors and continued to pay monthly profits. By the time the company closed in 2019, 80,000 people had invested their hard-earned money here. In Bengaluru, the company expanded its reach by investing in two major gold showrooms, hospitals, schools, several medical stores, a publishing center, a supermarket, and real estate firm.
Mr Siraj says that Mansoor Khan and his team not only lured the poor and middle class to pursue their own interests but also created a favourable atmosphere for their so called business by winning the hearts of politicians, government officials, clerics, religious institutions and media.
Unsuspecting people invested their money in a bid to make more profit in less time. When the company stopped making profits and Mansoor Khan suddenly fled on June 9, 2019, the investors woke up the to the reality.
Apart from residents of Bengaluru and other parts of Karnataka, people from Tamil Nadu, Andhra Pradesh, Telangana, Maharashtra other states also have invested their money.
Comments
ooy moothi
shut your bulshit RSS preaching with u, dont vomit here
Dear Vijji
this move is not Anti Hindu, Its Anti RSS or (andh Bakth) i loved this move..
Good Move by WB Govt.
In Mamta's Bengal Kolkata High Court is kept busy by Didi.
If Hindus are not allowed to live in their own country India that is Bharatha, where shall we go? Since Nehru's family is a mixture of Christians and Muslims, and ably assisted by Ahmed Patel, there is a plan to hound out Hindus from their own country. In karnataka, Sonia's congress government is planning to close all government schools making way for Christian Missionary schools as per the instructions of Sonia.
Mahajati sadan is n't the Party H/Q of TMC to block any public meeting like that of
RSS/BJP.Democracy can't work at sweetwill of Mamataji.In politics no body is a friend or
foe.Perhaps TMC is counting its last days in power.
West Bengal is fast turning into Darfur area of Sudan, and parts of Syria and Iraq occupied by
ISIS. Basically we have the same Islamic ideology ruling west Bengal as other places
mentioned above. With porous borders we have thousands of Jihadi fighters entering everyday
from Bangladesh. As long as they pay homage to this megalomaniac called Mamta, the Jihadis
are allowed to Rape, murder and pillage at will. It is very strange that this occurs in 21 century
India.
Mohan must confine his talks only at RSS meetings where he is welcome and appreciated
Still Bengalis are happy to support Anti-Hindu Mamta begum.May be all bengali Hindus already
converted to Islam mentally I believe.
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