It’s raining gold at IMA kingpin’s house, 5880 biscuits seized by SIT

Bengaluru: The Special Investigation Team (SIT) probing the multi-crore I Monetary Advisory (IMA) investment scam has recovered 5,880 gold coated copper biscuits from one of the IMA scam kingpin Mohammed Mansoor Khan's apartments in Richmond Town on Wednesday.

Mansoor Khan allegedly displayed the gold coated biscuits in his jewellery showrooms and also showed them to his customers to create a good impression of his business and draw more investment. The raid at the apartment was conducted based on the leads provided by Mansoor Khan.

The SIT rushed to the apartment owned by Mansoor Khan which is located near Richmond super market and searched the terrace of the building where they found the gold coated copper biscuits weighing around 303 kgs. Each biscuit weighed 50 gms which is also embossed on it. "By just looking at them, nobody could recognise being fake. Even we were shocked," an SIT officer said. According to SIT, the gold coated biscuits which were in the showroom were transported to the apartment by Waseem days before Mansoor Khan fled the country on June 7. Mansoor Khan had instructed Waseem to hide the biscuits on the terrace of the building.

The stash was found near the water pump used for swimming pool located on the terrace.

It is still unclear why Mansoor Khan instructed his staff to shift biscuits from the showroom and hide them on the apartment terrace. However, the SIT is questioning Mansoor Khan who would be in its custody till August 16.

Properties worth Rs 300 crore confiscated

Meanwhile, Bengaluru Deputy Commissioner Srinivas said the administration has confiscated properties worth ` 300 crore belonging to IMA group and Mansoor Khan.

The administration, he said, identified 23 properties in Bengaluru, Hassan, Kolar, Davangere and Chikkaballapur which are worth Rs 300 crore.
This is in addition to the properties identified by SIT and ED.