Pramesh Jain
The Central Bureau of Investigation officials on Tuesday filed a supplementary charge sheet against Roshan Baig,Former Minister of Karnataka,his firm and Mohammed Mansoor Khan,CEO and MD of IMA along with the other Directors,in CBI court,related to the ongoing investigation in IMA scam.
Name of the accused in the chargesheet are, Roshan Baig,Former Minister of Karnataka,his firm M/s Danish Publications,and others including,Mohammed Mansoor Khan,CEO & MD of,IMA,Bangalore,and other Directors of IMA are,Nizamuddin.A,Naveed Ahmed,Vaseem,M/s IMA Pvt Ltd M/s Daanish Publications,are named in the chargesheet.
It was alleged that Mr.Baig had 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 daily expenditure including salaries of employees of his firm identified as Danish Publications.
It was also alleged that the Mr.Baig spent the funds for various social and cultural activities in his Constituency to increase his popularity.
The funds of IMA were allegedly unauthorised deposits raised from innocent public to the tune of Rs 4000 crore (approx) from around one lakh investors.
It has been alleged that money was diverted to the former Minister so that the accused firm could continue it’s illegal activities.
It may be recalled that CBI had registered 04 cases in the said scam and earlier filed 03 charge sheets and Three more supplementary charge sheets against 33 accused including MD and CEO and its directors of IMA,several private persons,Revenue and Police officials.
It was alleged that the said Group had raised unauthorised deposits and 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 to the official who are later charged in the case.
Several properties including moveable and immovable were identified and attached under KPIDFE (Karnataka Protection of Interest of Depositors in Financial Establishments)Act,2004 by the Competent Authority.Further Investigation is continuing.
The public is reminded that the above findings are based on the investigation done by CBI and evidence collected by it.
Under the Indian Law,the accused are presumed to be innocent till their guilt is finally established after a fair trial,press release from the CBI,said.
