IMA ponzi scam case: Mansoor Khan sent to ED custody till July 23

The ED obtained the transit remand of Khan from Duty Magistrate Harjit Singh Jaspal at his residence late Friday night in New Delhi.

Published: 20th July 2019 06:44 PM  |   Last Updated: 20th July 2019 06:44 PM   |  A+A-

Mansoor Khan, IMA scam

Screengrab of the latest video released by IMA mastermind Mansoor Khan. (Photo | YouTube)

By ANI

BENAGALURU: A special Prevention of Money Laundering Act (PMLA) court here on Saturday sent Mansoor Khan, prime accused in the multi-crore IMA ponzi scam, to the custody of Enforcement Directorate (ED) till July 23.

The ED obtained the transit remand of Khan from Duty Magistrate Harjit Singh Jaspal at his residence late Friday night in New Delhi.

Khan was arrested and questioned after he landed at New Delhi airport from Dubai in the early hours of Friday.

The owner and founder of I Monetary Advisory (IMA), travelled from Dubai to New Delhi after the SIT located and persuaded him to come to India and submit before the law.

Khan had last month fled India after several complaints were registered against him in connection with the scam. Later, he released a video expressing his desire to come back to the country and participate in the investigation.

An 11-member Special Investigation Team (SIT) headed by DIG B R Ravikanthe Gowda is probing the alleged fraud by the firm. Both the ED and SIT had issued lookout notice against him.

The IMA Jewels is embroiled in a case where the firm had allegedly cheated a large number of investors after promising them impressive returns on their deposits.

Khan is facing investigation for allegedly duping 40,000 investors especially Muslims in the state. He had claimed that he gave Rs 400 crore to Congress leader Roshan Baig which he was not returning. (ANI)

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp