I Monetary Advisory (IMA) Group founder Mohammed Mansoor Khan, who returned to India on July 19, was brought to Bengaluru this morning. He will be produced in a special Prevention of Money Laundering Act (PMLA) court later in the day.
Khan, who is accused of cheating investors to the tune of over Rs. 1,000 crores, had fled the country as his firm wound up its operations in June. He was arrested by the Enforcement Directorate (ED) after he landed in the Delhi airport from Dubai in the early hours of Friday.
IMA ponzi scam case: IMA founder-owner Mohammed Mansoor Khan at Shanti Nagar Enforcement Directorate (ED) office in Bengaluru. He will be produced before Special PMLA court today where the agency will seek his custodial remand. pic.twitter.com/o3QCXXo7Gw
— ANI (@ANI) July 20, 2019
The accused had flown out of the country in June, leaving behind an audio clip in which he purportedly threatened to commit suicide. In the audio, he had accused MLA Roshan Baig of extorting hundreds of crores for him, because of which his company had suffered losses.
The SIT recently questioned Baig following the allegations made by Khan. He had submitted documents to the police on Friday. “If further questioning is required he will be called again,” said an SIT officer.