Bengaluru: SIT seizes revolvers, gold and diamonds worth 11 crores in raids at IMA Jewels showrooms
Bengaluru: The Special Investigation Team (SIT) investigating the alleged fraud and cheating case of IMA Group of Companies involving thousands of crores rupees on Tuesday raided several branches of IMA Jewels in the city.
The police said that it seized 41 kg of jewellery worth Rs 11.34 crore, precious gems and diamonds, cash Rs. over five lakh, 32 revolvers, 58 bullets and documents pertaining to several properties during the raid at the IMA branches in Shivajinagar of Bengaluru.
The police on Monday had also assured owner of the company Mansoor Khan to protect his life if he surrenders to the investigating team. The assurance from the department came a day after Khan in a video released on YouTube offered to return to India and surrender if his life was protected by those plotting to kill him.
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Drug peddler's property worth Rs 1 crore attached in Srinagar
Srinagar (PTI): Property worth Rs 1 crore belonging to a notorious drug peddler was on Saturday attached in Jammu and Kashmir's Srinagar, police said.
A double-storey house on eight marlas of land situated at Wantpora Eidgah, belonging to Basit Bilal Dar, a notorious drug peddler, valued at approximately Rs 1 crore, a police spokesperson said.
He said Dar is involved in two cases registered under various sections of the NDPS Act.
During investigation, it was established that the accused had acquired the said property through illicit proceeds generated from drug trafficking activities, the spokesperson said.
Consequently, the property was attached under the provisions of the NDPS Act. The attachment proceedings were conducted in the presence of the two independent witnesses, strictly in accordance with the prescribed legal procedures, he said.
As per the attachment order, the owner has been restrained from selling, leasing, transferring, altering, or creating any third-party interest in the property till further orders, the spokesperson added.
