Home Nation IMA scam: CBI officials raid Baig’s residence, seize documents

IMA scam: CBI officials raid Baig’s residence, seize documents


They declare to have discovered proof of financial transactions between Baig and Khan by way of shell corporations

A staff of Central Bureau of Investigation (CBI) officers raided the residence of former MLA R. Roshan Baig close to Coles Park in Pulikeshinagar early Monday morning, and seized paperwork associated to its properties and enterprise ventures. This comes a day after Mr. Baig was arrested by the CBI for his alleged involvement within the ₹ 4,000 crore I-Monetary Advisory (IMA) funding rip-off.

The raid started round 7a.m. and search operations went on for eight hours. “Property documents and businesses ventures of Mr. Baig’s son R. Ruman Baig has also also been seized. The police questioned his family members and recovered their mobile phones for analysis, ”stated a senior official.

The prime accused within the case, Mohammed Mansoor Khan, managing director and chief government officer of the IMA Group of corporations, has alleged that he had given Mr. Baig ₹ 400 crore to advertise his enterprise and encourage folks to put money into IMA utilizing his political clout and media enterprise. “Mr. Baig was one among IMA’s extra outstanding proponents and he did this for financial acquire, ”the official added.

CBI officers claimed to have discovered proof of financial transactions between Mr. Baig and Mr. Khan made by way of shell corporations. “We are probing further. We are also questioning Mr. Baig to ascertain who tipped Mr. Khan when the Karnataka Special Investigation Team started the investigation. He fled to Dubai evading arrest, ”stated a supply. Mr. Khan was lastly arrested in July 2019 by the Enforcement Directorate when he landed at Delhi airport.

Investigators are additionally probing different individuals who might have helped Mr. Baig. The CBI is prone to search his custody to additional their investigation. Mr. Baig is at the moment in judicial custody at Bengaluru Central Jail in Parappana Agrahara.

The CBI officers have additionally taken one other accused PD Kumar Nayak into custody. Kumar, who was an government engineer within the land acquisition division of the Bengaluru Development Authority (BDA) earlier than he was suspended, had allegedly taken ₹ 5 crore from Mansoor Khan as bribe.

Mansoor Khan in CBI custody

A particular court docket on Monday prolonged the Central Bureau of Investigation’s custody of Mohammed Mansoor Khan until November 27. The CBI had taken custody of Mr. Khan on Friday for 4 days however sought an extension to proceed their investigation. “We are verifying information obtained from Mr. Baig with the accused and questioning him about the documents recovered from his house during the raid, ”stated a CBI official.

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