Bengaluru: The SIT is interrogating all those arrested to acquire information about Mansoor Khan, IMA and transactions carried out individually by him and through his entities.
In continuation with the probe into the multi-crore I Monetory Advisory (IMA) investment scam, in which over 40,000 investors have been cheated, the Special Investigation Team (SIT) has arrested five more directors of the group.
The arrests were made on Thursday and the total number of those arrested in the case has reached 13, including 12 directors and one auditor. However, the main accused, Mohammad Mansoor Khan, the MD of IMA group, is still at large and is said to be in Dubai.
The SIT is interrogating all those arrested to acquire information about Mansoor Khan, IMA and transactions carried out individually by him and through his entities.
The five directors arrested on Thursday have been identified as Shadab Ahmad (28), Israr Ahmad (32), Faisal Ahmad (30), Mohammad Idrees (30) and Usman Tabrez (33).
Earlier, seven directors of IMA group, Nasir Hussain, Naveed Ahmed Nattamkar, Nizammuddin Azeemuddin, Wasim Arshad Khan, Afsar Pasah and Dadapeer had surrendered before the Commercial Street police, while the police had detained IMA’s auditor Iqbal Khan for interrogation.
Raids continue
The SIT sleuths conducted raids on the two jewellery showrooms of IMA in Shivajinagar and Jayanagar and also at the house of Mansoor’s third divorced wife Tabassum.
During the raid at IMA Jewels’ showroom at Jayanagar, the SIT seized 43 kg gold, worth Rs 13 crore, 5,864 carat of diamond, worth Rs 17.6 crore, 520 kg of silver, worth Rs 1.5 crore, and precious gems worth Rs 1.5 crore.
The SIT found 1.5 kg of gold, 1.5 kg silver and Rs 2.69 lakh in cash from Tabassum’s house in Shivajinagar.
Similarly the SIT seized 30 kg of gold, 2,600 carat diamond and 450 kg of silver from IMA’s jewellery outlet in Shivajinagar. The estimated value is approximately Rs 20 crore. Certain property documents were also found.
