The Central Bureau of Investigation (CBI) has planned to file a supplementary charge sheet against 28 accused, detailing the alleged role of six Karnataka officials, including two senior IPS officers in supporting the Rs 4,000-crore I-Monetary Advisory (IMA) Ponzi scam. The scheme had rocked Karnataka back in June 2019.
It is alleged that under the scheme, IMA and its sister Ponzi companies had tempted numerous gullible investors by claiming to offer higher returns on their investment, making use of Islamic ways. IMA that had its headquarter in Bengaluru went bust after occupying thousands of crores from people, mostly Muslims, in the name of ‘Halal’ investment businesses. The case was handed to CBI after BJP came into power last year. They had already filed 4 scam cases against the agency.
The CBI has written to the Karnataka government seeking permission to nab IPS officers Hemant Nimbalkar of 1998 batch and Ajay Hilori of 2008 batch. The private residences of both the officers were raided by the CBI earlier this year.
Nimbalkar, currently the additional commissioner of police (administration), Bengaluru, was on the post of IGP (Economic Offences Division), Criminal Investigation Department, and Hilori, currently, Commandant of Karnataka State Reserve Police (KSRP), was posted as the deputy commissioner of police (east), Bengaluru, at that time.
Mohammed Mansoor Khan, the Managing Director and CEO of I Monetary Advisory (IMA) has already been arrested by the CBI and former assistant commissioner of Bengaluru North Sub Division, LC Nagaraj, has also been booked, among others.
