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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Mumbai local train derails at CSMT; services affected on Harbour Line
Mumbai (PTI): A coach of a local train on the Harbour Line derailed at Chhatrapati Shivaji Maharaj Terminus (CSMT) here on Monday morning, and no passengers were injured, a spokesperson of the Central Railway said.
A trolley from one of the coaches of a CSMT-bound local train from Panvel derailed as it pulled into platform number 2 around 11.35 am, the official said.
There was no report of injuries to passengers in the affected compartment, he said.
The derailment, however, disrupted local train services on the Harbour Line, and the CSMT-bound trains were terminated at Masjid station, the official said.
The Harbour Line services will be operational from and to Wadala station, he said, adding that the restoration work is underway and trains on the Main Line will remain unaffected.
