Unaware of crisis at firm; directors of IMA Jewellers
“MD asked us to go on Ramadan leave”
Bengaluru, Jun 13: Seven directors of city based IMA Jewellers, at the centre of an alleged financial fraud that left thousands in the lurch, indicated to police Thursday that they were unaware of the crisis and that the owner had asked them to take long leave for Ramzan.
They said Mohammed Mansoor Khan had convened a meeting with them a few days prior to his disappearance and discussed investments in various locations, police said
Before the unsuspecting employees and its sister companies could return to work, they got news of Khan's 'disappearance' and thousands of panic stricken people rushing to the IMA office at Shivajinagar here, demanding action against the owner and directors.
The directors were apprehended yesterday from different locations in the city.
Meanwhile police said they found a white colour SUV, reportedly belonging to Khan, near a home of one of the directors, which had been parked there for quite some time.
Acting on a complaint from residents, police took custody of the car, which bore a Puducherry registration number.
As complaints swelled to about 26,000 on the third day of the news breaking out, poignant stories surfaced from the victims of the ponzi scheme fraud.
Investors told PTI that the Ulemas and Moulavis of some mosques vouched for IMA Jewellers, saying their money would be safe and the investment was as per the Islamic guidelines.
Tears rolling down his eyes, Mohammad Nasir from Bengaluru told PTI that an Ulema from a mosque in his area insisted that he deposit money in the firm.
"I trusted him and deposited Rs 20 lakh in it... Today Mansoor has disappeared. I have two daughters to take care of.
I have the liability of their education and marriage. I dont know how I am going to meet their requirements," said Nasir.
Umiya Bi from Chittur in neighbouring Andhra Pradesh said she had invested close to Rs 10 lakh in the company.
The Karnataka government had yesterday announced the setting up of the 11-member SIT, days after Mohammed Mansoor Khan went absconding after allegedly threatening to commit suicide in an audio clip.
In the audio clip, which went viral on the social media, Khan purportedly said he was committing suicide as he was fed up with corruption.
He had also alleged the Shivajinagar Congress MLA Roshan Baig took Rs 400 crore from him and was not returning it.
Baig had however rubbished the charge, alleging that his political adversaries had orchestrated the "series of events" to tarnish his character.
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'Someone must be held accountable': HC converts civil suit on Goa nightclub tragedy into PIL
Panaji (PTI): The Bombay High Court on Monday converted a civil suit against Birch by Romeo Lane nightclub into a Public Interest Litigation (PIL) saying "someone has to be held accountable" for the tragedy in which 25 people were killed.In a stern observation, Goa bench of the High Court of Justices Sarang Kotwal and Ashish Chavan said the local panchayat had "failed to take suo motu cognisance" of the club and had taken "no action despite complaints."
The division bench directed the Goa government to file a detailed reply on the permissions granted to the nightclub.
The High Court, while fixing January 8 as the next date of hearing, pointed out that commercial operations were continuing in the structure despite it having been served a demolition order.
The original petition was filed after the December 6 tragedy by Pradeep Ghadi Amonkar and Sunil Divkar, the owners of the land on which the nightclub was operating.
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Advocate Rohit Bras de Sa, the lawyer representing the petitioner, was made amicus curiae in the matter and has been asked to file a detailed affidavit in the matter.
In their petition, Amonkar and Divkar highlighted "the alarming pattern of statutory violations that have remained inadequately addressed despite multiple complaints, inspections, show-cause notices, and even a demolition order".
They contended that these violations posed "immediate threats to public safety, ecological integrity, and the rule of law in the state of Goa."
Investigations by multiple agencies into the nightclub fire have revealed various irregularities, including lack of permissions to operate the nightclub.
The Goa police arrested five managers and staff members of the club, while co-owners Gaurav Luthra and Saurabh Luthra have been detained in Thailand after they fled the country.
