SIT sleuths fly to Dubai to nab multi-crore IMA fraud kingpin
Bengaluru, Jun 29(UNI) The Special Investigation Team (SIT) team, constituted to inquire into the alleged over Rs 4000 crore fraud by the Indian Monetary Advisory (IMA) Jewellers, has flown to Dubai to nab the main culprit Mohammed Mansoor Khan, who is reportedly hiding in the Gulf nation.
According to official sources, Khan, had reportedly fled to Dubai, after shutting down his businesses in Bengaluru on June 8 rendering heartburn over 40000 investors, who had deposited over Rs 4000 crore in his firm.
The Enforcement Directorate (ED) which is also investigating into the IMA Fraud had already attached over Rs 290 crore worth properties belonging to Khan.
A blue-corner notice had also been issued against Khan and his Passport has been cancelled by the Passport Registration Office. The Indian authorities had also been informed about the Fraud committed by him.
According to SIT sources, the investigating team had reportedly located the whereabouts of Khan, in Dubai and sought the co-operation of the UAE authorities to nab the culprit and bring him back to India.
Khan, in a You-tube message recently, had expressed his desire to return to India and co-operate with the investigating authorities on the case, if ensured safety to him and his family members. He had also assured to return the money invested.
The State police had received over 40000 complaints, against Khan for allegedly deceiving them and the Karnataka government had formed a SIT team to crack the case.
The Opposition BJP is demanding a CBI inquiry into the case alleging that more number of ruling Congress and the JD(S) leaders were also behind the scam.
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