Former Minister Roshan Baig in 3 Days CBI Custody in IMA Rip-off Case
A special court on Wednesday approved CBI 3 days custody of previous Congress minister R Roshan Baig, jailed in connection with the multi crore I- Monetary Advisory (IMA) ponzi rip-off, company sources said. “We have actually obtained three day custody of Roshan Baig till November 28 to additional probe his role in the IMA rip-off,” a CBI source told PTI.
Baig, who was disqualified as a Congress lawmaker after he revolted against the celebration in 2015, was arrested on Monday. CBI sources stated he will be ‘challenged’ with the mastermind of the ponzi scam, Mohammed Mansoor Khan, who is now in CBI custody till November 27.
Baig’s arrest came close on the heels of questioning Bengaluru Additional Commissioner of Authorities (Administration) Hemant Nimbalkar, another accused in the case, on November22 The multi-crore ponzi scheme, run by Karnataka-based IMA and its group entities, presumably duped over a lakh of people to the tune of Rs 4,000 crore assuring higher returns utilizing Islamic methods of financial investment, the sources stated.
The fraud came to light in June 2019 when the IMA operator Mohammed Mansoor Khan got away the country accusing Baig and some federal government officers of cheating him. Khan had actually declared that Baig had actually taken about Rs 400 crore from him, a charge turned down outright by the latter.
Khan concerned India after much persuasion by the police and gave up. The then coalition government of Congress and JD( S) had actually formed an Unique Examination Group to penetrate the matter.
However, the BJP federal government which pertained to power later handed over the case to the CBI. The main agencuy has arraigned an IAS officer, 2 IPS officers, a Karnataka Administrative Service officer and a corporator as accused, to name a few, in the event after the state government grantedpermission for prosecuting them.
The IAS officer, who was the previous deputy commissioner of Bengaluru Urban district, had actually supposedly passed away by suicide in his house a number of months ago.
( the heading, this story has actually not been published by Essential India News personnel and is published from a syndicated feed.).