Daijiworld Media Network - Bengaluru (MS)
Bengaluru, Jun 11: Mohammed Mansoor Khan, owner of IMA Jewels has escaped from the country along with his grandmother, third and fourth wives and children. He has cheated the investors to the tune of hundreds of crores.
Meanwhile, several people are coming forward with claims of being cheated by Khan. They had invested in his company and were not paid interest for a couple of months and were assured that their dues will be paid on June 10. Police have intensified their inquiry as the investors who were taken for a ride by Khan are protesting on the streets.
It has come to light that Khan has transferred an amount of Rs 1,200 crore to his personal account from the account of the company which had Rs 1,900 crore in it. Once the transfer took place, Mansoor fled the country along with his family.
In the midst of this, it is clarified that he has transferred an amount of Rs 17 crore on Monday, June 10, the same day when his audio saying that he would commit suicide went viral on social media. Sales associate of IMA Jewels Mohammed Shabad has said that Mansoor Mohammed was fine and no harm was done to his life.
Modus Operandi of Khan
IMA Jewels did not charge their customers any making or wastage charges on the gold they used to purchase from the company. Scores of people used to buy gold seeing this offer. However, when the customers used to arrive at the showroom, the staff of the company would ask the customers to invest in the company. Most of the customers would get attracted by the sweet talk of the staff and invested money in the company.
The company used to give an interest of Rs 3,000 a month on a deposit of Rs 1 lac with the company. As the company was paying the interest on time, it had secured the faith of the investors. As the investors, who received the interest on time spread the news, more people invested their money in the company. However, the company had not paid any interest in the past two to three months. It had promised to pay the interest of all the pending months on June 10. However, an audio of owner Mansoor Ali Khan went viral saying that he was killing himself due to harassment by political and prominent leaders of the state.
Now it seems the story has taken a complete U-turn and it is clear that Mohammed Mansoor Khan cheated the gullible investors to the tune of hundreds of crores and fled the country. It is not known which country Khan has gone to.