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ED issues third summons to IMA kingpin questions 7 directors

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first_imgNew Delhi: The Enforcement Directorate has issued a third summons to I Monetary Advisory (IMA) kingpin Mansoor Khan, in connection with the Ponzi scheme that surfaced earlier this month, when tens of thousands of aggrieved investors filed police complaints against the company.The ED, which took cognizance of the Bengaluru City Police cases, has asked Khan to appear before agency officials on July 3. Continuing its probe into the alleged Pozi scam, ED investigators in Bengaluru questioned seven other Directors of IMA in connection with the case, sources here said. Also Read – Cong may promise farm loan waiver in HaryanaIn addition, officers also examined as many as 16 victims of IMA, who said they were duped by the company, which had promised them returns ranging from 2.5-8 percent returns on their investments. Earlier in the investigation, the Special Investigation Team (SIT) had, through the CBI, got a Blue Corner Notice issued against Khan, who is believed to have fled the country before the police complaints from investors started piling up. Passport authorities had also invalidated Khan’s passport upon requests from the SIT, which is probing the case in Karnataka. Also Read – Modi formed OBC commission which earlier govts didn’t do: ShahThe investment company, popular amongst the Muslim population, because of its “halal” investment opportunities, went kaput earlier this month after Khan released an audio message blaming politicians for the company finally collapsing on itself when it defaulted on payments after 13 years of operation. Khan had alleged that he had paid Rs 400 crore to Congress leader Roshan Baig, who had not returned the money and had continuously said on social media that he was willing to pay investors back as long as they had the patience to wait.last_img read more

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