Latest Breaking News On - Daanish publications - Page 1 : comparemela.com
ED raids ex-Karnataka minister Roshan Baig, Cong MLA in money laundering case
india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.
ED raids ex-Karnataka minister Baig, Congress MLA in money laundering case
deccanchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanchronicle.com Daily Mail and Mail on Sunday newspapers.
ED raids ex-Karnataka minister Baig, Cong MLA in money laundering case
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Apr 28, 2021, 15:37 IST
On former Karnataka minister Roshan Baig, the CBI filed a supplementary charge sheet on Tuesday in connection with the Rs 4000-crore I-Monetary Advisor (IMA) ponzi scam case.
The central agency has also listed the names of MD of IMA Group Mansoor Khan, Baig s company Daanish Publications, and others in its charge sheet submitted before a special CBI court in Bengaluru.
CBI spokesperson R C Joshi said in a statement that It was alleged that the accused former minister received several crores of rupees from IMA funds for election expenditure.
It was further alleged that the accused was also utilizing the said funds for day-to-day expenditure, including salaries of employees of his firm. It was also alleged that the accused has spent the funds for various social and cultural activities in his constituency to increase his popularity .
Synopsis
The IMA scam pertains to over Rs 4,000 crore collected by IMA Group from over a lakh gullible investors in the name of providing attractive returns on investment following Islamic ways.
Agencies
The Central Bureau of Investigation (CBI) has alleged that the money was diverted to Baig, a minister in the erstwhile Congress government led by Siddaramaiah, so that the IMA Group could continue its illegal activities, officials said.
The CBI filed a supplementary charge sheet against former Karnataka minister Roshan Baig on Tuesday in connection with the Rs 4000-crore I-Monetary Advisor (IMA) ponzi scam case, officials said. In its charge sheet filed before a special CBI court in Bengaluru, the central agency has also named the then MD of IMA Group Mansoor Khan, the company, Baig s company Daanish Publications and others.