The special investigation team (SIT) continued to carry out raids in locations that are associated with the prime accused in the IMA scam, Mansoor Khan. The recent raid has led to the seizure of Rs 2.8 crore
Bengaluru: Articles worth Rs 68 lakh and Rs 45,000 have been seized from Mulberry Greens hypermart along with Rs 2.8 crore from a gym owned by Mansoor Khan, prime accused in the multi-crore IMA scam in Bengaluru.
Deccan Herald reported that S Girish, Deputy Commissioner of Police (Crime) had said that 92 bank accounts belonging to IMA had been frozen but the money in these accounts are yet to be assessed.
A Toyota Innova that belongs to Mansoor has also been seized from the house of one of his associates. An SIT team had also carried out raids at Rayyan stores and Frontline Pharma on Saturday (June 29) in Bengaluru.
The team has seized items such as perfumes, bags, and fabric estimated at least Rs. 15 lakh, and medicines that is worth more than Rs. 1 crore.
On June 25, the team which is probing the alleged financial fraud by I Monetary Advisory (IMA) conducted searches at IMA's Tilak Nagar and Yashwantapur branches in Bengaluru. The agency seized 2.27 kg gold ornaments, 26.5 kg silver and cash worth Rs. 83,26,000.
Earlier, the SIT raided the firm's branches in Bengaluru’s Shivajinagar and seized jewellery worth Rs. 13 crore, some property documents and a pistol with bullets. The IMA has allegedly cheated a large number of investors, mainly Muslims, after promising them impressive return on their deposits.
The development comes after IMA founder Mansoor, who is on the run, released a video urging police to arrange his return to India so that he could join the probe.
Mansoor, in a video released on YouTube, promised to fully cooperate in the investigation being conducted by the 11-member SIT and assured to return the investors' money by liquidating the company's assets.
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Last Updated Jun 30, 2019, 11:48 AM IST