Another IMA like fraud comes to light in Bengaluru
Bengaluru: In a similar case like IMA Jewels fraud case another company has reportedly become defunct with multi-crores investment by its investors.
The company identified as AIMMS located at 9th Main road of Jayanagar, has allegedly cheated over 1600 investors in what is touted to be over a thousand crore rupees’ scam. A case has been registered against the company in Tilak Nagar and Jayanagar Police Station.
Ayyub, Ilyas, Mudassir, Mujahid and Shahid have been identified as the owners of the company. According to the reports a majority of the investors of the company were women who were targeted and cheated by the company.
The company was established in 2017 and had assured its investors of giving away a monthly interest bounty of Rupees ten thousand upon investment of one lakh rupees which followed a huge number of people falling prey to the trap of the scheme. The reports further add that the company paid interest to its investors for first three months and then stopped paying them.
After the IMA fraud case was unearthed investors of AIMMS thronged to their office only to find it locked and closed. The investors then protested against the company and found out the whereabouts of the owners of the company and demanded their invested money back and later informed Tilak Nagar police about the whole matter.
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Ahead of elections, Biden calls India, China, Russia and Japan 'xenophobic'
Washington (PTI): US President Joe Biden has called two of his QUAD partners – India and Japan – and two of his adversaries – Russia and China – "xenophobic" nations, asserting that none of these countries, unlike the United States, welcome immigrants.
"This election is about freedom, America and democracy. That's why I badly need you. You know, one of the reasons why our economy is growing is because of you and many others. Why? Because we welcome immigrants,” Biden told his supporters at a fundraiser here on Wednesday evening.
"We look to — the reason — look, think about it. Why is China stalling so badly economically? Why is Japan having trouble? Why is Russia? Why is India? Because they're xenophobic. They don't want immigrants,” Biden, the presumptive candidate of the Democratic Party, said.
"Immigrants are what makes us strong. Not a joke. That's not hyperbole, because we have an influx of workers who want to be here and want to contribute," the president said at the Democratic Party fundraiser.
India and Japan are members of QUAD - a four-member strategic security dialogue that also includes the US and Australia.
Biden hosted Prime Minister Narendra Modi for a State Visit last year while Japanese Prime Minister Fumio Kishida visited the White House last month for an official visit.
Biden has been under attack from his opponents and the Republican Party for his immigration policies as hundreds and thousands of illegal immigrants enter the United States every month.
Immigration is a hot topic in the November 5 presidential election in which Biden will face former president Donald Trump, the presumptive candidate from the Republican Party.
Their nominations will be confirmed at the Republican National Convention in Milwaukee in July and the Democratic National Convention in Chicago in August.
