Bengaluru: Mansoor Khan, the main accused in the IMA scam, has received transit remand of the Enforcement Directorate (ED). ED will present him to the PMLA court in Bengaluru today where the agency will seek his custodial remand. On Friday, Khan was arrested by ED from Delhi airport in connection with the probe into the alleged Ponzi scam. He has been taken to ED's office at Delhi's MTNL building for further questioning. The Karnataka government's Special Investigation Team (SIT) said in a statement here that Khan was arrested in Delhi after returning to India from Dubai.
Mohammad Mansoor Khan, founder of the I-Monitory Advisor (IMA), is accused of leaking nearly 30,000 Muslims in the name of an Islamic bank. Mohammad Mansoor Khan had fled to Dubai after a fraud of about Rs 1,500 crore. Mansoor Khan had promised people to come back to the hefty money for putting money into the scheme, but people were cheated.
Business graduate Mansoor Khan started a business in 2006 known as the Monetary Advisory (IMA) and told investors that the institution would invest in bullion and investors would get a return of 7 to 8 percent. Mansoor Khan, the main accused in the Rs 1,500-crore I-Monitoring Advisor (IMA) Ponzi scam, was arrested by ED from Delhi airport on Friday. He is currently in ed's custody. Mansoor Khan was questioned in Delhi. Along with the ED on Mansoor Khan, the SIT had also issued a lookout circular.
Azam Khan's controversial statement says, "Muslims are being punished for not migrating to Pakistan"
