A Rs 2,000-Crore Scam Becomes Political in Karnataka

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3 of 113
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4min
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A day after a Bengaluru-based promoter of an investment group went absconding along with Rs 2,000 crore raised by the company, claiming ‘political pressure’, the investment scam is becoming a political controversy.

Over 3,000 investors of I Monetary Advisory (IMA) have been left in a lurch after the promoter of the group, Mohammed Mansoor Khan, went absconding and claimed he would commit suicide, in an audio clip.

The scam took a political turn, when in the same voice note he accused Congress MLA Roshan Baig of taking Rs 400 crore from IMA to contest general election, which he didn’t return.

A Special Investigation Team has been ordered to probe the case.


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