'IMA' audio clip: Here is what police commissioner, home minister has to say
'Vartha Bharati' had warned its readers about Ponzi schemes earlier
Bengaluru: Hundreds of investors thronged a prominent city jewellery store Monday after an audio clip surfaced where a person alleged to be the owner is heard saying he is going to commit suicide as he was fed up with corruption.
However, no information about IMA owner Muhammad Mansoor Khan is ascertained so far. The IMA Jewelry Shops in Shivajinagar and Jayanagar, and offices of IMA Group Institutions have remained closed.
As soon the audio went viral, investors including a large number of women with their children started gathering at the IMAJewellers headquarters at Shivajinagar near here demanding action against Mohammed Mansur Khan, the owner.
The person is heard addressing police that he was committing suicide as he was fed up withcorruption in the state and central government. In the audio, he is also heard accusing central and state officials of harassing him, compelling him to take the extreme step.
He also asks police to sell all his wealth and jewellery to pay investors and is heard accusing a politician of taking Rs 400 crore from him and not returning it.
Investors claimed they had invested crores in the firm.
High level investigation
Home minister M.B. Patil responded by saying that the case is still in the preliminary investigation therefore he was unable to take anyone's name. I, being a home minister, would not like to fix anybody politically in this case, he said.
"According to preliminary reports, the case is very serious. We will conduct a high level investigation into this case. Innocents are being deceived despite the availability of law. I have collected information regarding the audio clip," he added.
Mansoor Ali Khan is suspected to be absconding in foreign
Muhammad Mansur Khan has not committed suicide. The police have expressed their suspicion that the family had been absconding in Dubai or Saudi Arabia. We are collecting information from Immigration Counters in various airport in the state and of neighboring states including our state.
Vartha Bharati had alerted about this a while ago
On February 6, 2017, 'Vartha Bharti' had alerted people about such companies by publishing a detailed article on its front page. In the article, it was described that how some companies are making money on the name of Halal profit and violating the law. It had warned that the risk is for the investors is sure in this investment. The Vartha Bharati had also a published a detailed report when the Income Tax department had conducted a raid on the IMA Company in April 2017 and found irregularities of Rs 1,000 crore. But IMA chief Mansur Khan had clarified that there was no irregularities in the company. Vartha Bharati had come with a detailed report even when Nauhera Shaikh was arrested in Hyderabad in October 2018 (Oct.18).
http://www.varthabharati.in/article/60453
http://m.varthabharati.in/article/2017_04_04/68247
http://www.varthabharati.in/article/vishesha-varadigalu/158896
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Trump threatens BRICS countries of 100% tariff if they drop dollar as currency
Washington: President-elect Donald Trump on Saturday warned BRICS countries against any move to replace the US dollar and has sought a commitment from the nine-member group that includes India, Russia, China, and Brazil.
BRICS, formed in 2009, is the only major international group of which the United States is not a part. Its other members are South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. Over the past few years a few of its member countries, in particular Russia and China, are seeking an alternative to the US Dollar or create own BRICS currency. India has so far not been part of the move.
On Saturday, Trump warned BRICS nations against such a move.
“The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” the president-elect said in a post on Truth Social, a platform owned by him.
“We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs and should expect to say goodbye to selling into the wonderful U.S. Economy,” Trump warned.
“They can go find another 'sucker!' There is no chance that the BRICS will replace the US Dollar in International Trade, and any Country that tries should wave goodbye to America,” he said. At the 2023 summit in South Africa, BRICS countries committed to study the feasibility of a new common currency. A proposal in this regard was made by the Brazilian President Luiz Inacio Lula de Silva.
India, an important pillar of BRICS, has said it is against de-dollarisation.
"…ask you about de-Dollarization as a possibility for the world. At times India has expressed interest in alternative currency. It can serve as a reserve mechanism. I wonder how do you see that right now what you see as the role of the dollar and these discussions about your national policy," India’s External Affairs Minister S Jaishankar said during his appearance at the Carnegie Endowment for International Peace this fall.
“I think you have us confused for someone else because we have never actively targeted the dollar. That's not part of either our economic policy or our political or our strategic policy. Some others may have,” Jaishankar said.
“What I will tell you is a natural concern there. We often have trade partners who do not have dollars to take. So, we now have to look at whether we forgo dealings with them or do we find some settlement which works otherwise. So, there's no, I can say malicious intent vis-a-vis the dollar in business. WE are trying to do our business,” he said.
“Sometimes you make it difficult in the use of dollars. We have some trade partners with whom trade in dollars becomes difficult because of your policies. We have to obviously look for workarounds. But for us, as we spoke about rebalancing, we spoke about multiple obviously all of this is also going to reflect on currencies and economic needs,” said the External Affairs Minister on October 1 this year.
