IMA scam case: CBI files supplementary charge sheet against Roshan Baig – News 24-7 Live News 24-7 Live
IMA scam case: CBI files supplementary charge sheet against Roshan Baig

IMA scam case: CBI files supplementary charge sheet against Roshan Baig

The IMA scam pertains to over ₹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.

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.

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.

“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 utilising 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,” CBI spokesperson R C Joshi said in a statement.

The IMA scam pertains to over ₹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.

News Source : Hindustan Times

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