Bengaluru: The Karnataka HC while hearing the appeal filed by IMA Scam’s prime accused Mansoor Khan against the Special Court’s order attaching his apartment in Bannerghatta in the city, has issued notice to the authorities.
Khan had filed a petition questioning a special court’s order of confirming the attachment of one of his apartments for its sale.
A division bench comprising Justice Alok Aradhe and Justice S. Vishwajith Shetty, before which the appeal came up for hearing, ordered the issue of notice to the State government and the Competent Authority (CA) appointed for the IMA scam case under the Karnataka Protection of Interest of Depositors in Financial Establishments (KPIFFE) Act, 2004.
An apartment situated on Bannerghatta Road Layout in Tilaknagar, Bengaluru, which was purchased by Khan in 2014, was among several other immovable properties and the bank accounts, the attachment of which was confirmed by the special court set up for KPIDFE cases in its order passed on March 7, 2022.
Challenging the notifications issued by the State government attaching the properties, it has been contended in the appeal that property in Tilaknagar was purchased by Khan out of his personal income and the profits accrued from his business ventures in accordance with the law, and the CA had failed to show that the property was purchased from the “deposits” of the general public.
