Daijiworld Media Network - Bengaluru (SP)

Bengaluru, Jun 14: During their preliminary investigation, the police have arrived at the number of people duped by I Monetary Advisory (IMA) as 21,000 and the total amount of the scam to be Rs 1,230 crore. The police have locked up the three offices of the company and confiscated a Range Rover and a Jaguar car belonging to absconding accused Mansoor Khan.

The special investigation team formed to investigate the scam has taken seven directors of the firm into custody. They are being interrogated.

Out of about 21,000 investors, 20,000 have already filed complaints. On the basis of these complaints, seven directors of the company were arrested. The offices of IMA Jewellers at Lady Curzon Road here, IMA Gold Loan and office of the company at Jayanagar were locked up and police security has been provided. These offices were locked considering the strong protests by investors and widespread anger against the firm.

As per preliminary information, Mansoor Khan had planned to go underground since a month. It is said that he had planned to flee to Dubai along with family 25 days ago. Police sources say that they can say this for sure, as they have enough evidences on hand.

PIL in high court

In the meanwhile, an advocate, Mohammed Tahir from Ganganagar here, has filed a public interest litigation in the high court, seeking justice to investors. He has pleaded to the high court to direct assistant commissioner of the city north subdivision to take steps against the fraudulent firm under the supervision of the high court within a fixed time frame under 'The Karnataka Protection of Interest of Depositors in Financial Establishments Act 2004'. He also has prayed for the immediate seizure of movable and immovable assets of the IMA group of institutions and to make sure that the entire process of attachment is recorded on video.