Bangalore: The Yeddyurappa government in Karnataka has handed over the probe into the multi-billion-rupee Ponzi scam to the CBI. The state government has cited the reason behind this as the accused and the victims include people from outside the state and investigations are to be conducted in other states as well. The SIT was investigating the billion-rupee IMA Jewels case.

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I Monetary Advisor (IMA) has been accused of cheating thousands of investors by luring huge profits. The SIT has also arrested several officials of the company, including MD Mohammad Mansoor Khan, as well as several government officials. The SIT had also questioned several leaders in the case. Mansoor Khan, the main accused, had fled to Dubai after complaints were lodged on behalf of investors.

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He had released a video accusing several politicians and goons of harassing him. He had threatened to commit suicide and even talked about returning home. Later, when he returned, he was arrested by the SIT. The SIT was set up by the Karnataka government after the case came to light. An expelled Congress MLA Roshan Beg was also named in the scam. Roshan Baig was expelled from the party by Congress for his involvement in anti-party activities.

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