Connect with us

Hi, what are you looking for?

The Cognate
0

News

IMA Scam: Shivajinagar Corporator Farida’s Husband Ishtiaq Pehalwan Arrested By SIT

The special investigation team (SIT) probing the multi-crore IMA scam, has arrested rowdy sheeter and Shivajinagar Corporator Farida Ahmed’s husband Ishtiaq Ahmed alias Ishtiaq Pehalwan, Deputy Commissioner of Police (DCP) Crime, S Girish, said on Tuesday.

50-year-old Ishtiaq Pehalwan is accused of taking Rs. 2 crores from Mohammed Mansoor Khan, the kingpin of IMA Group’s financial fraud.

Ishtiaq is a history-sheeter from Shivajinagar, who claims to have given up crime. However, according to the police, he still continues on his old path, with 48 criminal cases registered against him. Last year, the police detained him on charges of collection of hafta (protection money) from hotel owners. He was also detained by CCB last year over his alleged connection with Ambidant company owner Syed Ahmed Fareed.

Like IMA, Ambidant too systematically targeted the Bengaluru’s Muslim community in the name of ‘Halal’ investment.

Around one lakh people had invested in IMA, which had floated 17 companies, including jewellery stores infrastructure and real estate development firm, pharmacies, supermarkets etc. The company promised investors monthly returns on investments, which it said was ‘Shariah’ compliant.

So far, the SIT has arrested more than 25 people, including Mansoor Khan, 12 directors of the firm, Deputy Commissioner of Bengaluru Urban district Vijay Shankar, Assistant Commissioner L C Nagaraj, a Bangalore Development Authority officer, a nominated corporator of the BBMP and a village accountant.

Shaik Zakeer Hussain is the Founder and Editor of The Cognate.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

In a significant development, the Madhya Pradesh High Court granted bail to 18-year-old Adnan Mansoori, a Muslim teenager whose house was demolished following his...

News

In a recent address at a Hindu workers’ convention in Belagavi, former Karnataka minister and senior Bharatiya Janata Party (BJP) leader KS Eshwarappa has...

News

Various organizations in Karnataka have rallied in support of Muslim women following controversial comments made by RSS leader Kalladka Prabhakar Bhatt. Members of these...

News

New Delhi, December 27, 2023 Christmas 2023 marked a unique celebration for India’s Christians as Prime Minister Shri Narendra Modi extended an invitation to...

Advertisement