In the Ponzi scam involving the I-Monetary Advisory (IMA) at IT City Bangalore, the CBI raided eight locations, including two income tax officials. CBI sources said on Monday that the locations of the then Deputy Commissioner of Income Tax (Investigation) Saurabh Nayak and D. Kumar ACIT (Assessment) were raided. It is being speculated that much important information has been received in this action.

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In his statement, he said that the two officials allegedly helped IMA chief Mansoor Khan. The agency suspects that Khan had paid a hefty bribe to the officials in return for help. The CBI team raided five locations in Bangalore and one each in Karwar, Salem, and Hosur.

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In eight places, the locations of three common people Ashish Jain, Kiran Pamidi and Kaizer Basha are also raided. Officials said Nayak and Kumar searched the offices of the IMA in 2017 and investigated their accounts, but the two took no action against the irregularities. The CBI investigation found that the IMA after the Income Tax Department searched in 2017 Restrictions were lifted on the accounts of which were frozen.

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