Nation Current Affairs 01 Jul 2019 IMA scam: BBMP membe ...

IMA scam: BBMP member arrested

DECCAN CHRONICLE.
Published Jul 1, 2019, 1:42 am IST
Updated Jul 1, 2019, 1:42 am IST
The accused is a resident of Frazer Town, from whose house SIT sleuths recovered important documents pertaining to the investigation.
Syed Mujahid
 Syed Mujahid

Bengaluru: The Special Investigation Team (SIT), probing the multi-crore I Monetary Advisory (IMA) scam, raided the house of a JD(S) nominated member of Bruhat Bengaluru Mahanagar Palike (BBMP), and arrested him in connection with the IMA scam late on Saturday night.

The accused, identified as Syed Mujahid, is a resident of Frazer Town, from whose house SIT sleuths recovered important documents pertaining to the investigation.

 

SIT officials produced him before a local court and got his custody for 13 days for further investigation. The SIT suspects that he has important information about Mohammad Mansoor Khan, the absconding managing director of IMA group, and his businesses.

During the investigation, the SIT found that Mansoor, before fleeing the country, was in contact with Mujahid. The SIT then raided his house and arrested him. Besides confiscating important documents pertaining to IMA, the sleuths also seized an SUV and two mobile phones. Preliminary investigations revealed that Mujahid was involved in IMA group's businesses and had transactions running into several crores.

 

IMA's bank accounts seized
The SIT also froze 101 bank accounts of various entities of IMA group and seized Rs 1.13 crore from all the accounts.

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Location: India, Karnataka, Bengaluru




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