Bengaluru: Special Investigation Team (SIT) chief Ravikanthe Gowda said that the investigators know where I Monetary Advisory (IMA) Group’s founder and MD Mohammad Mansoor Khan is hiding and that he will be brought back soon.

The Karnataka Protection of Interest of Depositors in Financial Establishments Act has been evoked to protect investors of IMA group who were trapped in the scam.

SIT chief Ravikanthe Gowda said, “IMA investigation is in full swing. We have collected information about immovable and movable properties. We are recovering movable properties. We have evoked the KPID Act,” said Gowda.

Gowda said that the team is seizing the immovable properties and submitting them to court. The SIT chief said, “Efforts are on to arrest the other accused.”

SIT is also verifying the information given by Mansoor in the video clip he released on Sunday. In the video he said that he is ready to surrender before the police investigation team, if protection is given. To this Gowda said, “We will provide protection to anybody submitting themselves before the law.”

A day after the fugitive Mansoor released the video, in which he mentioned that he had left valuables in the IMA office, which he intended to return to the investors after he returned to India, the SIT raided IMA Group’s office located on Lady Curzon Road. They searched its lockers and vault.

The raid was conducted by a team of officials, headed by deputy commissioner of police (DCP) S Girish, and recovered valuables.

“We recovered 41 kg jewellery worth Rs 13 crore, one pistol along with 50 bullets and property documents from the office in Bengaluru. We have also found four boxes of pledged jewellery,” said DCP S Girish. This is the second such search carried out by SIT in the case.