IMA Ponzi Scam: Prime accused Mansoor Khan arrested in New Delhi
Bengaluru: Mohammed Mansoor Khan, the owner of IMA jewels, has been arrested in New Delhi by the Enforcement Directorate and is being questioned by it, said a special investigation team here which is probing the alleged ponzi scam.
Khan, who had fled to Dubai, flew back to India and was arrested on landing in Delhi, it said in a statement. The SIT said that its sources in Dubai persuaded him to come back and submit himself before the law.
"Accordingly he travelled from Dubai to New Delhi (Flight AI 916) and landed at 01550 hours IST. SIT officers are in Delhi to secure and arrest the accused," it said.
A lookout circular was issued against him by both SIT and ED and he would be handed over according to procedure, the SIT said. Sources told PTI that he is being quizzed by ED officials in New Delhi and will later be sent to Bengaluru for a detailed probe by the SIT.
Khan will be produced in a court on Friday and will be taken to Bengaluru on transit remand.
More than one lakh people had invested in the IMA Jewels which started 17 companies. Khan invited people, mostly Muslims, to invest in five companies, said the SIT, adding that Rs 4,084 crore was invested in the company.
He has to refund approximately Rs 1,400 crore to his investors, the SIT said. Around one and half months ago, Khan had fled to Dubai leaving thousands of investors in lurch.
Khan had promised them that he would return to India and refund their money.
Based on thousands of complaints, the SIT registered a case against him and others. It has so far arrested 22 people, including Khan, 12 directors of the firm, deputy commissioner of Bengaluru urban district Vijay Shankar, assistant commissioner L C Nagaraj, a Bangalore Development Authority officer, a nominated corporator of Bruhat Bengaluru Mahanagara Palike and a village accountant.
Before fleeing he had accused Shivajinagar Congress MLA R Roshan Baig of taking Rs 400 crore and not returning it.
Baig categorically refuted the charge, terming it false and frivolous. The MLA who had rebelled against the party was suspended for anti-party activities.
Baig then joined the bandwagon of rebel MLAs who resigned.
The SIT had served him a notice to depose before it on July 15, but he sought time till July 26. The SIT then asked him to be present before it on July 19.
The day Baig was supposed to appear before SIT, he planned to fly to Mumbai by a special chartered plane but the SIT detained him and quizzed him extensively. The SIT released Baig and asked him to appear on July 19.
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KSRTC to run 1000 special services to clear Christmas rush
Bengaluru: The Karnataka State Road Transport Corporation will operate 1000 additional special services in view of the Christmas festival.
In addition to the existing schedule, the special services will run on 19.12.2025, 20.12.2025 and 24.12.2025. Further, special buses will be operated from various places of intra & Interstate places to Bengaluru on 26.12.2025 & 28.12.2025.
Special buses will be exclusively operated from Bengaluru Kempegowda Bus Station to Dharmastala, Kukkesubramanya, Shivamogga, Hassan, Mangaluru, Kundapura, Shringeri, Horanadu, Davangere, Hubbali, Dharwad, Belagavi, Vijayapura, Gokarna, Sirsi, Karwar, Raichur, Kalaburagi, Ballari, Koppala, Yadgir, Bidar, Tirupathi, Vijayawada, Hyderabad and other places.
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Special buses from Mysuru Road Bus Station will be exclusively operated towards Mysuru, Hunsur, Piriyapatna, Virajpet, Kushalanagar, Madikeri.
The corporation has also announced a discount of 5 per cent on the fare if four or more passengers book tickets under a single reservation. A discount of 10 per cent will be extended on return journey tickets if onward and return tickets are booked simultaneously.
In addition to the above, special buses will be operated from all Taluk/District Bus Stands in the jurisdiction of KSRTC based on the traffic needs.
