Ima Scam  

Fear of ‘terror funding’ in the I Monetary Advisory (IMA) scam gets the newly-elected MPs up and running to New Delhi to meet Union finance minister Nirmala Sitharaman to seek CBI probe

Bharat Souharda Credit Co-operative Ltd in Kolar situated at Gowripet had collected Rs 5 crore from small scale traders, roadside vendors, daily wage workers in Kolar.

The Karnataka Pradesh Congress Committee (KPCC) president Dinesh Gundu Rao has reacted on suspending MLA Roshan Baig from the party and said it was a punishment for speaking against the party and has nothing to do with the IMA scam
 

Karnataka high court has received a number of public interest litigations seeking CBI probe in the IMA scam. Meanwhile, the state government has justified its decision of directing the SIT by stating that CBI has many pending cases to be solved.

Speaking to a reporter, Karnataka revenue minister RV Deshpande said that Congress leader Roshan Baig had met him along with IMA owner Mohammed Mansoor Khan seeking an NOC to receive Rs 600 crore loan from a bank. However, Deshpande claimed that he did not do any undue favour for Mansoor Khan.

Days after fraud companies came under the scanner for cheating Muslim investors in the name of halal investments, many photographs of the accused with politicians are now doing rounds on social media

Misbah Mukarram, director of Injaz Builders and Developers was arrested by Bengaluru Police after he went underground because he was unable to pay his investors Rs 89 crore. He had promised 25% returns per month on Halal investments.

Bengaluru resident Afzal Pasha had invested Rs 8 lakh in IMA, the company that is under the scanner for fraud. Pasha had saved the money for the wedding of his daughters and the wedding of one of his daughters was set for August 4. Pasha passed away on June 13 due to a heart attack.

Reacting to his alleged association with IMA, the company that is under the scanner and its owner Mansoor Khan, who is absconding, here is what minorities welfare minister Zameer Ahmed Khan had to say

Bengalutu Police have arrested seven directors of IMA, the company that is under the scanner for cheating people to the tune of Rs 2000 crore.

Here are five companies from Bengaluru, founded by Muslims, that cheated its investors in the name of Halal investments

Minority welfare minister BZ Zameer Ahmed Khan in his poll affidavit had taken Rs 5 crore as advance towards sale deed of his land in Richmond Town in Bengaluru.
 

Hundreds of people who had invested money in IMA thronged MLA Roshan Baig's residence. The owner of IMA, who is missing, had alleged that a  "Shivajinagar MLA" had taken Rs 400 crore from him.

The owner of I Monetary Advisory (IMA) had claimed that Shivajinagar MLA Roshan Baig had taken Rs 400 crore from him. Baig refuted the claim and issued a clarification in a tweet.