https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

2 IPS officers among 28 accused in the IMA Ponzi scam.

2 IPS officers have been charged of duping investors along with several others
Indian Masterminds Stories

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.

Accused IPS Ajay Hilori


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.

Accused IPS, Hemant Nimbalkar


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.

IMA CEO, Mohd. Mansoor Khan


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.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
G20
India to Highlight Renewable Energy Achievements at G20 Energy Transitions Meet in South Africa
Rajnath Singh
Rajnath Singh Urges States to Strengthen India’s Defence Manufacturing for ₹3 Lakh Crore Goal by 2029
Electronics Corporation of India Limited ECIL
Leadership Update: Anil Kumar Chawla Recommended as Director (Personnel) of ECIL by PESB Panel
Children Student
Future-Ready Learning: Gujarat Govt Mandates Schools to Offer Vocational Subjects from Class 11 Onwards
Gujarat Vikas Saptah
24 Years of Gujarat’s Development Under PM Modi: Vikas Saptah to Spotlight Massive Progress
Liquor Scam
Chhattisgarh's Rs. 140 Crore Rice Milling Scam: Former IAS Anil Tuteja, Businessman Anwar Dhebar Chargesheeted by EOW - Know More!
yogi
UP CM Yogi Adityanath Distributes Sewing Machines and Laptops to 250 Trainees, Boosts Women’s Skill Development in Kashi
CM Hemant Soren
Saranda Sanctuary at Crossroads: CM Soren Consults Legal Experts Amid Supreme Court Pressure
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
ADVERTISEMENT
UPSC Stories
Jitendra Baghel MPPSC
7 Years, 4 Interviews, Now Dy.SP: How Jitendra Baghel Cracked MPPSC Through Relentless Struggle
Jitendra Baghel’s inspiring journey from a humble farming background to MPPSC Dy.SP showcases relentless...
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Discover how IDES officer Saquib Alam left his corporate job at Mahindra, overcame six UPSC attempts,...
Utkarsh Ujjwal IAS
IAS Utkarsh Ujjwal Shares Key Advice for UPSC Aspirants: Work Ethic, Failure, and Focus
Read the inspiring journey of IAS Utkarsh Ujjwal, 2023 batch, Gujarat cadre. From IIT Guwahati to clearing...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
G20
India to Highlight Renewable Energy Achievements at G20 Energy Transitions Meet in South Africa
Rajnath Singh
Rajnath Singh Urges States to Strengthen India’s Defence Manufacturing for ₹3 Lakh Crore Goal by 2029
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
Dr G K Goswami IPS
IFS Ravikant Meena UPSC IFS
ADVERTISEMENT
ADVERTISEMENT