Karnataka IMA Scam Seven Directors Police Arrested Political News Updates YOYO TV Kannada Videos #IMAScam #Karnataka #YOYOTVKannada
The commercial street police have arrested seven directors of IMA Jewels here, relating to defrauding hundreds of crores of rupees to thousands of its investors by the firm.
The investors who reposed faith on the company, its promoter and directors, and invested their hard earned money, are agitating. The commercial street station police succeeded in taking into custody seven directors of I Monetary Advisory (IMA) on Wednesday June 12. Reportedly, directors of the company, Nizamuddin Khan, Nassir Hussain, Naveed Ahmed, Arshad Khan, Anwar Pasha, Wasim and Dadapeer were arrested. The arrested accused were remanded by the court to ten days police custody to help police in further probe.
But the brain behind the scam, Mansoor Khan, has disappeared into thin air. The police have been trying their best to arrest him. There are rumours that he has fled to a foreign country. When arresting the directors, the police took into possession Range Rover and Jaguar car which company chief, Mohammed Mansoor Khan, was using.
It is said that most of the people involved with this scam are not well-educated but they were skilled enough to indulge in a huge scam without the knowledge of the investors. During the last two days, 20,000 investors have filed complaints. Still, there is a long line of complainants.
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