IMA fraud: SIT seizes jewels, property papers worth Rs 33 cr

Sleuths of the Special Investigation Team (SIT), which is probing the IMA fraud case, has found gold and diamond valuables and property documents worth `33 crore.

Published: 19th June 2019 06:30 AM  |   Last Updated: 19th June 2019 06:30 AM   |  A+A-

More victims of the IMA scam lodge complaints against managing director of the company Mansoor Khan, in Shivajinagar, Bengaluru, on Tuesday | Shriram BN

By Express News Service

BENGALURU:  Sleuths of the Special Investigation Team (SIT), which is probing the IMA fraud case, has found gold and diamond valuables and property documents worth Rs 33 crore. On Monday, the SIT teams conducted raids on the IMA Jewellers office located on Jayanagar 11th Main and the flat belonging to IMA Gold founder Mohammed Mansoor Khan’s divorced wife Tabassum Banu, in Shivajanagar.

During the search at the IMA office, police seized 43 kg of gold jewels worth Rs 13 crore, 5,864-carat diamond worth Rs 17.6 crore, 520 kg of silver articles worth Rs 1.5 crore and solitaire diamonds worth Rs 1.5 crore.

At Tabassum Banu’s house, the police seized over 1.5 kg of gold jewels worth Rs 39.5 lakh, 1.5 kg silver articles, Rs 2.69 lakh cash and property documents related to a flat purchased in SRK Garden in Tilaknagar, valued at Rs 1.20 crore. Besides, the SIT has already identified 26 immovable properties belonging to Khan, including commercial complexes, land, school and apartments, the police said.

Mansoor spotted in UAE? 
While the SIT is continuing to investigate into the whereabouts of the managing director and founder of I Monetary Advisory (IMA) Mansoor Khan, there were some media reports claiming that he was spotted with his wives and children at Ras al Khaimah in the United Arab Emirates (UAE). 

However, speaking to TNIE, Special Investigation Team chief officer Ravikante Gowda said, “There is no such information. We are still investigating. We know he has fled the country but there is no further information as yet.” Five days ago, the SIT had written to the Ministry of Home and External Affairs to issue a Red Corner Notice against Mansoor. 

Stay up to date on all the latest Bengaluru 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