IMA scam: Helping Citizen founder Alam Pasha submits evidence to SFIO

IMA scam

Bangalore: The founder of Helping Citizen A Alam Pasha on March 22 visited Serious Fraud Investigation Office (SFIO), Hyderabad to submit evidence related to the IMA scam.

Alam Pasha who is known as Helping Citizen is an Indian Social activist. He is known for cleaning corruption and castism in Karnataka, India. He played a large part in the 2013 – 2021 Karnataka anti-corruption movement.

He is the petitioner before Apex Court for Airlifting 2,800 Indian Students from Poland–Ukraine.

IMA scam

Karnataka-based I-Monetary Advisors (IMA), an investment firm purportedly run in compliance with Islamic banking rules, collapsed in May 2019 after it could not repay either the deposits or dividends on the deposits it had illegally accepted.

IMA jewel ponzi scam had duped several thousands of investors to the tune of over Rs 15,000 crore.

The prime accused Mohammed Mansoor Khan, managing director and chief executive officer of the IMA Group of companies, at the time of his arrest, had alleged that former Karnataka minister and Congress leader Roshan Baig had cheated him of Rs 400 crore and forced him to gift expensive cars and jewellery. He had also named some other government officers.

The former minister had then rejected the charge and claimed that except for some donations to Haj facilitation centres, he had not accepted any money. Both Baig and Khan are out on bail, while investigators are trying to recover money lost by the depositors.

Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS.


Comments

Post a Comment

Popular posts from this blog

‘No difference between Congress, PFI’: Karnataka BJP

Image
Bengalore: Coming down heavily on the Congress for demanding a ban on the Rashtriya Swayamsevak Sangh (RSS) on the lines of the Popular Front of India, the ruling BJP has equated the PFI with the Congress. Minister for Education B.C. Nagesh said on Friday that there was no difference between the ideologies of the Congress party and the PFI. “I don’t know what Congress leaders know about the RSS. A few of them want votes of Muslims and that is why they are demanding a ban on the RSS,” he said. “RSS is a patriotic organisation. It is not getting any funds from the government. It is not important whether it is registered or not. RSS is working for the welfare of the country. But, PFI is indulging in anti-national activities,” he stated. Also Read Police officers troubling Congress will be taught a lesson: Siddaramaiah “It is being banned as there is evidence to prove the charges. Till date all decisions made by Prime Minister Narendra Modi and Union Minister Amit Shah have been
Read more

Karnataka govt all set to launch free bus travel scheme

Image
Bengaluru: Congress-ruled Karnataka government is all set to launch the Shakthi scheme on Sunday which facilitates free bus travel for all women in state owned Karnataka State Road Transport Corporation (KSRTC), Bengaluru Metropolitan Transport Corporation (BMTC) and other corporations. Chief Minister Siddaramaiah will turn ‘conductor’ to inaugurate the scheme and he will issue free tickets to women travelling from Majestic BMTC bus stop to Vidhana Soudha. Deputy Chief Minister D.K. Shivakumar and Transport Minister Ramalinga Reddy will be present on the occasion. The police will be deputed in all BMTC buses after inauguration of the scheme in Bengaluru to avoid any confusion and untoward incidents until the scheme takes off smoothly. All eight DCPs in Bengaluru have been directed to ensure peace as it is expected that miscreants would create confusion to get political mileage. The jurisdictional police and 2,000 home guards are roped in for the purpose. The Hoysala vehicles will a
Read more