Bengaluru: The I Monetary Advisory (IMA) scam created a sensation in Karnataka as police received 3,500 complaints from people who had invested their money. The cops have formed four teams to find the whereabouts of owner Mansoor Khan who is absconding after releasing a video, in which he threatened to commit suicide.

IMA had raised Rs 2,000 crore and functioned as a 'bank'. The owner Mohammed Mansoor Khan alleged in a video that he was ending his life as he was tired of bribing politicians and bureaucrats.

In the video, he had claimed that a “Shivajinagar MLA” had taken Rs 400 crore from him and speculation was rife that he was referring to Congress MLA Roshan Baig.

Following the speculation and WhatsApp forwards, Roshan Baig tweeted on his official handle stating that he had nothing to do with IMA and has not taken any money from the owner.

"It has come to my notice that some fake content on my name is being circulated with regard to ongoing issues of IMA Group of companies.

I categorically state that I am neither a stakeholder/ partner of this company in any way or form. My association with IMA Group is as a legislator and strictly on the basis of social work that was carried out in my assembly constituency of particularly the VK Obaidullah School in Shivajinagar which accommodates several thousand students from my constituency. There are several contractors and private companies who participate in developmental works of my constituency and not in any way am I a part of any of those companies.

I profoundly request people and my constituents to not pay attention to fake forwards and to discard any such false information doing rounds. Let it be known that l have initiated necessary steps before the appropriate authorities to initiate legal action against such miscreants. All those involved in spreading such false information will be taken to task by appropriate authorities," Tweeted Roshan Baig.

Meanwhile, hundreds of people thronged the two outlets of IMA at Jayanagar and Shivajinagar, demanding the return of their money.

The Karnataka BJP has demanded an I-T, ED and CBI probe into the overall case.

There was also speculation that Roshan Baig is being targeted through this scam as he had rebelled against his party, criticising Congress Legislative Party leaders Siddaramaiah, Karnataka In-charge of Congress KC Venugopal and Karnataka Pradesh Congress Committee president Dinesh Gundu Rao.