Breaking News

Multi-crore cheating scam surfaces in Bangalore; MLA named

June 10, 2019

THOMAS SAMPATHRAJ BANGALORE: Thousands of investors gathered in front of IMA Jewellers on Lady Curson Road in Bangalore on Monday after an audio clip, purported to be by the owner of the store Manzoor Mohammed Khan, is heard saying he is going to commit suicide as he was fed up with corruption. In the audio clip, he also says he has paid Rs 400 crore to Shivajinagar MLA who failed to return it on time. Roshan Baig, the Shivajinagar MLA, who is currently in New Delhi, has denied anything to do with the problems at IMA Jewellers. Manzoor Mohammed Khan is also into real estate, Pharmacies, schools and several other businesses. As soon the audio went viral, investors including a large number of women with their children started gathering at the IMA Jewellers outlet at Shivajinagar demanding police to trace Manzoor Mohammed Khan. Some were asking the police to atleast produce the body of the jeweller if indeed he has committed suicide. In the audio, he is also heard accusing central and state officials of harassing him, compelling him to take the extreme step. In the audio, Manzoor Mohammed Khan also asks the police to sell all his wealth and jewellery to repay investors. Investors has sorry personal tales to tell media persons who had gathered in large numbers. Police have deployed adequate force around the jewellery shop to prevent any untoward incidents. Deputy commissioner of police of Bengaluru East division Rahul Kumar Shahapurwad appealed to investors to lodge complaints with police with whatever proof they have. He also made it clear that they have no information about The jewellery store owner and asked people not to jump to any conclusion. Police suspect that at least 26,000 investors from across Karnataka have been cheated. Meanwhile, police have sounded alert at airport, bus- standand railway station to track the jeweller. Police and investors said his mobile phone has been switched off and he is not traceable. Most of those who invested in the company belong to the middle class among the minority community, police said. Two years ago, the income tax department had conducted searches at the IMA business establishments. The state government had in November last year published a notice in the papers regarding misuse of funds by this entity and ordered all the properties to be seized. IMA was accused of collecting funds from the public illegally. Reacting to this move, Manzoor Mohammed Khan had then said that it was a ploy by business rivals to bring down his company and vowed to tackle it legally. .


Related Post

Category Archive