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IMA scam: Moulvi arrested for encouraging people to invest (LEAD)

In the latest arrest in the IMA ponzi scheme situation, a moulvi Asfar Azeezi, of a Shivajinagar mosque, was detained by the Special Investigation Team (SIT) investigating the multi-crore scandal to encourage individuals to invest with the tainted business.

“The accused had encouraged the investment of thousands of men and women in IMA. He defined investment in IMA as a religious obligation during prayer gatherings and every Muslim should stand by Khan (Mansoor) and make him one of Bengaluru’s largest company tycoons, ” said the SIT sources.

The SIT said IMA founder Mohammed Mansoor Khan gave the moulvi a house worth Rs 3 crore for the same in the HBR layout.

This arrest comes a few days after Bengaluru Urban Deputy Commissioner Vijay Shankar (IAS) has been detained by police for supposedly accepting a Rs 1.5 crore bribe.

Earlier, police arrested Revenue Department Assistant Commissioner LC Nagaraj, BDA Executive Engineer Kumar, City Corporator Syed Mujahid, and Village Accountant Manjunath for allegedly accepting bribes from IMA founder Mansoor Khan in tune with crores.

Those arrested include the company’s twelve board directors, while Mansoor Kumar is still evading arrest and allegedly hiding in the UAE.

Meanwhile, the Karnataka High Court instructed a petition by Vijay Shankar to issue notices to the state and central governments, the Central Investigation Bureau (CBI), the Serious Fraud Investigation Organization (SFIO) and the SIT investigating the case on Thursday.

In the case after his arrest, Vijay Shankar sought a sample from CBI and other central agencies.

Advocate-General Udaya Holla, on the other hand, said there was no need for such an investigation as the crimes in the case were carried out in Karnataka territory. He also appealed to the HC’s Division Bench to club the case with the other IMA case.

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