IMA scam: Bengaluru Police arrest 7 directors of company; owner still absconding

Bengaluru; Bengaluru Police have arrested seven directors of the I Monetary Advisory company that is under the scanner for cheating its investors to the tune of Rs 2,000 crore. Police arrested Nizamuddin, Nasir Hussain , Naveed Ahmed , Arshad Khan, Wasim and Ansar Pasha and Dada Peer. The owner of the company Mohammed Mansoor Khan is absconding and the police have formed four special teams to nab him. More than 19,500 people have filed complaints against the company,  and have demanded the return of their money.