Daijiworld Media Network - Bengaluru (SP)

Bengaluru, Aug 21: The state government, which had handed over investigation into the phone-tapping case involving politicians to Central Bureau of Investigation (CBI) recently, has now handed over the IMA ponzi scam case involving thousands of people and estimated at over Rs 500 crore to CBI.

There were allegations that a couple of former Congress ministers are involved with this scam. As the scam took political overtones, there were demands to hand over this case to CBI. In addition to ministers, names of some Muslim leaders and officials were heard in the case. The coalition government had formed a special investigation team to probe the case.

Mansoor Khan

A complaint against Mansoor Khan, kingpin in the case, who had collected huge amount of deposits from customers by promising to pay high rates of interest, had fled to a foreign nation overnight. A case had been filed in commercial street police station in this respect. Subsequently Mansoor Khan was brought from abroad and arrested.

The enforcement directorate had begun investigation into financial fraud, economic irregularities, illegal funds transfer, and misuse of funds received from the people, and steps were taken to impound certain assets. As many among those who invested funds in IMA hailed from other states and foreign countries, there was demand for handing over this case for CBI investigation.