Bengaluru: ED gets 3-day custody of Ponzi scamster Mansoor Khan


Update

Bengaluru, Jul 20 (IANS): The Enforcement Directorate (ED) on Saturday got three-day custody of IMA Jewellers' founder and prime accused in the multi-crore Ponzi scam Mansoor Khan from a Bengaluru court for a joint probe with the SIT, an official said.

"Khan was flown to Bengaluru from Delhi on a transit remand by the ED earlier in the day and produced in a local court for joint custody to interrogate him in the scam," an official of the Special Investigation Team (SIT) told IANS here.

As the ED also booked Khan under the Prevention of Money Laundering Act (PMLA) for transfer of funds to overseas banks, ED Director Raman Gupta produced him before Special PMLA court judge Shivashankar for joint custody.

"The judge, however, granted the ED three-day custody of Khan for questioning him though the law enforcing agency sought a 10-day remand. We will seek his custody after the ED interrogates him," said the SIT official.

The SIT, set up by the Karnataka government in June to investigate the cheating case, has so far arrested 23 people, including seven directors of the IMA.

The Delhi Police produced Khan before Duty Magistrate Harjit Singh Jaspal in New Delhi on Friday night for transit remand to take him to Bengaluru where his company is headquartered.

Khan was arrested at the international airport early on Friday on arrival from Dubai on an Air India flight by the ED sleuths.

The major breakthrough in the mega scam for the ED and SIT came as a lookout or Blue Corner notice on Khan was issued to all concerned, including Interpol.

Khan's return to Bengaluru raises hopes of about 40,000 investors getting their money and jewellery they invested in his Ponzi scheme for huge returns.

Earlier report

Bengaluru, Jul 20 (IANS): The Enforcement Directorate officials brought IMA Jewellers and Ponzi scam prime accused Mansoor Khan to the city on Saturday, July 20. 

Earlier, the Enforcement Directorate got transit remand of Mansoor Khan. He was produced before Duty Magistrate Harjit Singh Jaspal at his residence in New Delhi during late hours on Friday.

Around 3 am on Saturday, the ED team took Mansoor Khan to Bengaluru through a flight from Delhi, where he is expected to be produced before the designated court for further custody.

Khan was arrested by Delhi Police from New Delhi Airport on his arrival from Dubai earlier. 

The major breakthrough in the IMA Gold multi-crore cheating case for the Enforcement Directorate (ED) and the SIT came as a lookout notice on Khan was issued to all concerned, including the Interpol, through the Union Home Ministry.

Khan, who is accused of perpetrating financial fraud worth crores in Bengaluru, was absconding for a month and was traced in Dubai and told to return to India.

"He had shared a video in which he claimed that he shall return to India in next 24 hours," SIT officer Mohammed said on its basis the arrest was made.

The development is expected to ease the ongoing investigation and the effort to return the money of thousands of investors.

Comment on this article

  • Sanjeev Kamath, Udupi / Seattle

    Sun, Jul 21 2019

    Let all his creditors deal with him & his henchmen directly on a fixed day in Chinnaswamy Stadium. Why prolong ithe matter through interrogation, court cases and intermediation?

    DisAgree [1] Agree [1] Reply Report Abuse

  • K Narendra Prabhu, Bangalore

    Sat, Jul 20 2019

    Hope whatever this man says comes to public

    DisAgree Agree [6] Reply Report Abuse

  • H. Almeida., Bendur/Andheri

    Sat, Jul 20 2019

    Three days under ED custody, intensive grilling will surely make this rat, spill all the dark, hidden secrets, of his holy, pious, Hallal operations !! His benefactors, notably Netas, Babus, close acquaintances, who helped him in acquiring this massive wealth will be certainly be nailed .... Recovery of this loot will take ages, as the liquid cash, has been siphoned off through Havala transaction n other dubious channels.......... Readers should be aware that all scams, since independence, has be associated under Congress and NDA regimes.... Bofors, CWG, Defence deals, Mallya , Modi's and numerous others, are the Hallmark of the INC !!!!!

    DisAgree [9] Agree [3] Reply Report Abuse

  • Nihal, Riyadh

    Sat, Jul 20 2019

    At least this guy come back himself. Not follow others those who absconded and feel free to walk around London and USA.

    DisAgree [6] Agree [21] Reply Report Abuse

  • MN, Mangalore

    Sat, Jul 20 2019

    The name of the initiators and beneficiaries, must be revealed.

    DisAgree Agree [17] Reply Report Abuse

  • Suresh Shetty, Mangalore

    Sat, Jul 20 2019

    First & foremost, the crook was brought back by the ED. His hideout in Dubai was tracked by RAW & thx to Modi he is back.
    Google search for his name, sit, embassy & dubai.

    More importantly, when free and on the run, he had revealed few top ministers & two of the biggest, real estate moguls & builders in Blr, as his partners/colleagues in the mega-
    ponzi scam.

    While the astrologer & lemon obessed, super-corrupt Gowda clan rules shamelessly, its high time the ED & CBI, takeover & swiftly book the real crooks behind the scam that has driven so many innocent poor & middle-class to tragic begging & sucide!

    DisAgree [22] Agree [24] Reply Report Abuse

  • Shafiq, MANGALURU

    Sun, Jul 21 2019

    When he is back modi made it. When he was gone INC made it. Why same thing doesn't apply on others?? There are plenty of fraudsters.... Untie the ribbon tied on your eyes please.

    DisAgree [2] Agree [5] Reply Report Abuse

  • zakir, B'lore

    Sun, Jul 21 2019

    Good Joke..................

    DisAgree Agree Reply Report Abuse

  • Mohammed Isaq, Mangalore

    Sat, Jul 20 2019

    We are well known in our India! as cattle trafficking, drugs cartel, robbery, IMA in the name of religion? Then how Indian judiciary has to take care of us? God has to save our India

    DisAgree [1] Agree [30] Reply Report Abuse

  • RANGA, MANGALORE

    Sat, Jul 20 2019

    in between coalition govt drama, chor khan escaped from media glare..halal investment gone in thin air..whom investor has to approach now..better blame MODI..

    DisAgree [4] Agree [17] Reply Report Abuse

  • Sanjeev Kamath, Udupi / Seattle

    Sat, Jul 20 2019

    Now you know why the assembly was adjourned till Monday! Full 2 days and a half to deal with Mansoor's hisaab!!!

    DisAgree [8] Agree [19] Reply Report Abuse

  • Sanjay, Hebri

    Sat, Jul 20 2019

    Whatever he has done might be wrong, but this man has come back to face inquiry,.....court should take this in consideration while debating bail.

    DisAgree [4] Agree [36] Reply Report Abuse

  • Kanaka Das, Bangalore

    Sat, Jul 20 2019

    In coming days chances are more even Dr.Zakir Naik will return to india..as per source.

    DisAgree [10] Agree [21] Reply Report Abuse

  • Sampath, Mlore/ Blore

    Sat, Jul 20 2019

    Atleast this man listened to his conscience voice and returned unlike few fugutive who are hiding/ foriegn land in the money they looted from here....

    DisAgree [3] Agree [27] Reply Report Abuse

  • Kanaka Das, Bangalore

    Sat, Jul 20 2019

    We hereby request all state government officials where actually Mansoor Khan in the interest of law and order situation in state. We already deployed much force towards parliament to control ongoing situation. People are already upset with present government for keeping people in dark from long. Chances are more investors of ponzi scheme ghearo bearded man to force him to return there money. If needed to control law and order situation please deploy more battalions from neighbouring states. No longer karnatka state is peaceful.

    DisAgree [3] Agree [9] Reply Report Abuse

  • B.S. Rai, Mangalore

    Sat, Jul 20 2019

    Had it been in the Congress regime Mansour Khan would have been somewhere in a foreign country hiding and never to be heard off. He would have used the card of 'religion being under threat' for him in India and hence would have sought asylum. Its not possible now.

    DisAgree [21] Agree [14] Reply Report Abuse

  • Jennifer, Mangalore

    Sat, Jul 20 2019

    Religion card ? Just as Mallya was given safe passage by lifting look-out notice of CBI for 24 hours ?

    Same way, NiMo was entertained by including him in the Indian PM's visiting delegation to Davos ?

    Same way LaMo was given Humanitarian assistance in the UK with a PP to visit his wife ?

    Good analysis Mr.Rai. Ham keren to chamatkaar, aur kere to balatkaar. Excellent !

    DisAgree [17] Agree [23] Reply Report Abuse

  • B.S. Rai, Mangalore

    Sat, Jul 20 2019

    Jennifer. If what you said was true, Cong would have been routed in the elections. All the names you mentioned took huge loans during the Cong govt who milked them for their benefit. Since the new Govt came, scrwes were tightened and only option for these guys was to flee the country. The Cong supporters never question the earlier fact of loan being disbursed during their regime, but they want Modi Govt to bring them back. The Good news is they are being brought back at least trying. The same ordeal is repeated by Mansoor Khan in the State. Its obvious in whose regime thrived. They even let him flee but thanks to revised Indias foreign policy. Mansoor had no way out.

    DisAgree [11] Agree [12] Reply Report Abuse

  • Shafique, MANGALURU

    Sun, Jul 21 2019

    He had come by himself and no one had brought him. He had announced his return earlier. How can Modi bring him ??? He never knew what came in and what went out from the country. He never wanted to know either. No investigation on how people left the county , how exposures came in the country, How to control prices on daily goods, Jobs.

    DisAgree Agree Report Abuse

  • Ronald D, Udupi

    Sat, Jul 20 2019

    B.S.? rightly so? What about other fugitives from Gujju land? Whats their religion and which govt is thriving on religion agenda and pushing country to dark ages??

    DisAgree [10] Agree [9] Reply Report Abuse

  • YOGI THUNTA, MANGALURU - NEAR PUMPWELL CIRCLE

    Sat, Jul 20 2019

    This guy will definitely turn the pages ! this case will drag another 200 years and he will die in the jail during the trail since the POLITICs involved in this case.

    This kind of cases are everywhere happening in INDIA but few only coming to the light due to sensational politics involved in it otherwise who cares ?

    DisAgree [3] Agree [7] Reply Report Abuse

  • Kanaka Das, Bangalore

    Sat, Jul 20 2019

    Mansoor...Tujhe kya padhi thi election ladna..why did you hand over Rs.400 crores to person from congress party. Do you are after to multiply people's money after becoming MP. Wants to accumulate much more money over night. Are go on keeping good relationship with leaders of congress and jd's. Why did you stopped giving 36% dividend from last three months. Without intervention of underworld you cannot carry so big empire.

    DisAgree [4] Agree [11] Reply Report Abuse

  • Kanaka Das, Bangalore

    Sat, Jul 20 2019

    What will happen to all his properties..schools...Many innocent people lost there job. How one can trust the people.

    DisAgree [2] Agree [22] Reply Report Abuse

  • Kanaka Das, Bangalore

    Sat, Jul 20 2019

    He looks fresh without religious topi. His intention finished by wearing topi to pull money from there own community members in the name of halal.

    DisAgree [5] Agree [34] Reply Report Abuse

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Title : Bengaluru: ED gets 3-day custody of Ponzi scamster Mansoor Khan


 
 
 
 

 
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