CBI files supplementary charge sheet against former Karnataka minister Roshan Baig in IMA scam case
New Delhi, Apr 27: The CBI filed a supplementary charge sheet against former Karnataka minister Roshan Baig on Tuesday in connection with the Rs 4000-crore I-Monetary Advisor (IMA) ponzi scam case, officials said.
In its charge sheet filed before a special CBI court in Bengaluru, the central agency has also named the then MD of IMA Group Mansoor Khan, the company, Baig's company Daanish Publications and others.
"It was alleged that the accused former minister received several crores of rupees from IMA funds for election expenditure. It was further alleged that the accused was also utilising the said funds for day-to-day expenditure, including salaries of employees of his firm. It was also alleged that the accused has spent the funds for various social and cultural activities in his constituency to increase his popularity," CBI spokesperson R C Joshi said in a statement.
The IMA scam pertains to over Rs 4,000 crore collected by IMA Group from over a lakh gullible investors in the name of providing attractive returns on investment following Islamic ways.
The Central Bureau of Investigation (CBI) has alleged that the money was diverted to Baig, a minister in the erstwhile Congress government led by Siddaramaiah, so that the IMA Group could continue its illegal activities, officials said.
The CBI had registered four cases in connection with the scam and earlier filed three charge sheets and three supplementary charge sheets against 33 accused, including Khan, company directors, several revenue and police officials.
"It was alleged that the said Group had raised unauthorised deposits & cheated the public by failing to repay the principal and as well as the promised returns. These funds were allegedly diverted for acquiring properties, paying bribe amounts, etc. Several properties, including moveable & immovable, were identified and attached under KPIDFE (Karnataka Protection of Interest of Depositors in Financial Establishments) Act, 2004 by the competent authority," Joshi said.
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Bantwal: Seven students seriously injured as car climbs on divider, hits power pole, topples on NH
Bantwal: Seven students sustained serious injuries in an accident that reportedly occurred in Maripalla near Farangipet in the taluk as the driver of the car lost control and climbed onto a road divider before hitting a power pole installed on the divider.
The accident is said to have occurred shortly after midnight on Thursday. The injured students, including four girls and three boys, are reportedly from Udupi.
They were traveling Mangaluru to BC Road on the National Highway when the driver lost control over the vehicle, resulting in the accident. The car reportedly hit the power pole, dragged it along for a distance and then overturned on the road.
Eyewitnesses have said that the overturned car was lifted and injured students were immediately taken to the Fr. Muller Hospital in Thumday with the help of locals.
Police officers have visited the accident site and also took further action.
