IMA Ponzi scheme: CBI takes over probe in bribery case
New Delhi, Sep 4: The CBI has taken over the investigation in a case of an alleged bribe of Rs five crore received by an executive engineer of the Bangalore Development Authority (BDA) from the IMA group of companies, which is facing a Ponzi scheme probe in Karnataka, officials said on Wednesday.
The central agency has booked PD Kumar, who was an executive engineer in the BDA, they added.
It is alleged that Kumar received a bribe of Rs five crore from the IMA group, which had allegedly duped investors by offering them high returns on their investments.
The agency has already booked Mansoor Khan, the managing director of the company, besides 24 other individuals and four sister concerns of the IMA group.
Khan has allegedly duped over a lakh investors, mostly Muslims.
Many touts as well as some religious preachers were also among those who lured people to invest in the IMA group, the officials said.
The case came to light when Khan fled to Dubai, leaving behind a video message, in which he said he was committing suicide due to "corruption in the state and central governments".
Khan was arrested by the Enforcement Directorate on July 21 on his arrival in New Delhi and is currently in judicial custody.
In his statement, Khan had alleged that Kumar had received a bribe from him. The case was being probed by a Special Investigation Team (SIT) of the Karnataka police, which had arrested Kumar.
After the Karnataka government handed over the probe into the matters related to the IMA group of companies to the CBI, the central agency re-registered the SIT FIR in accordance with the procedure.
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Man arrested with Rs 2.54-crore heroin in Mumbai
Mumbai (PTI): Police have arrested a man and seized over 500 grams of heroin worth Rs 2.54 crore in the illicit market from him in Mumbai, officials said on Friday.
The police's Anti-Narcotics Cell (ANC) made the drug seizure in Santacruz in the western suburbs. The operation was conducted by the Kandivali unit of the ANC on Thursday as part of a special crackdown against drug trafficking in the area, they said.
Acting on specific inputs, an ANC team conducted a raid in Santacruz (East) and intercepted a man. During a search, the team recovered 508 grams of high-grade heroin from his possession, an official said.
The seized contraband, a highly addictive, opioid drug derived from morphine, is estimated to be worth Rs 2.54 crore in the international market, he informed.
Following the seizure, a case was registered against the man under relevant sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, and he was formally placed under arrest in the early hours of Friday.
The police are currently investigating the source of the drug and trying to identify the intended recipients of the consignment, he said.
