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.
The Central Bureau of Investigation (CBI) has filed a supplementary chargesheet against former Karnataka Minister Roshan Baig and others in the I Monetary Advisory (IMA) case.
The CBI filed a supplementary charge sheet against former Karnataka minister Roshan Baig on Tuesday in connection with the ₹4000-crore I-Monetary Advisor (IMA) ponzi scam case, officials said.
The Central Bureau of Investigation (CBI) has filed a supplementary chargesheet against former Karnataka Minister Roshan Baig and others in the I Monetary Advisory (IMA) case.
Among those arraigned are Mr. Baig’s company, Danish Publications; Mohammed Mansoor Khan, managing director of IMA-Bengaluru; and its other directors. The IMA group has also been named.
Highlights
The minister has been accused in IMA scam
Bengaluru: The Central Bureau of Investigation (CBI) on Tuesday (April 27) filed a supplementary charge sheet against former Karnataka minister Roshan Baig in Rs 4000-crore I-Monetary Advisor (IMA) scam case in Bengaluru.
Along with him, others including the MD of IMA Group Mansoor Khan have been named in the charge sheet.
It was alleged that Baig received several crores of rupees from IMA funds for election expenditure. It was further alleged that the accused was also utilising the said funds for day-to-day expenditure including salaries of employees of his firm.
The accused allegedly spent the funds for various social and cultural activities in his constituency to increase his popularity.
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AAA The Central Bureau of Investigation (CBI) on Tuesday filed a supplementary chargesheet against former Congress Minister Roshan Baig in connection with the I Monetary Advisory (IMA) investment scam. The agency also named the Minister’s firm, IMA managing director Mohammed Mansoor Khan, and other directors in the supplementary chargesheet, filed before the special CBI court.
Mr. Baig had allegedly received several crores from the IMA funds for election expenditure. In the supplementary chargesheet, CBI officials have claimed that when he used the money to host social and cultural activities in his constituency to increase his popularity. It is further alleged that the accused had been utilising the funds for daily expenditure as well as to pay the salaries of the employees of his firm, Danish Publications.