IMA founder Mansoor Khan’s arrest by the Enforcement Directorate has created a tussle between the ED and Karnataka SIT. India At the moment has learnt that after being taken to Bengaluru on Saturday morning after his arrest on the Delhi Airport the day earlier than, each ED and Karnataka SIT need him of their respective custody for questioning in reference to the multi thousand crore Ponzi scheme. Sources say that Karnataka SIT might file an utility earlier than the courtroom for Mansoor’s custody or joint interrogation.
Mansoor Khan was produced earlier than the Justice of the Peace decide in Delhi within the intervening evening of Friday and Saturday by the ED and was granted transit remand. Round 3am on Saturday, the ED workforce took Mansoor Khan to Bengaluru the place he’s anticipated to be produced earlier than the designated courtroom for additional custody.
Sources keep that on Friday, Mansoor Khan was grilled by the ED officers whereas the SIT officers have been hoping to look at him however had no luck. “Because the arrest has been made by Enforcement Directorate, the first company to have proper of questioning and police custody is ED,” mentioned a supply.
Nonetheless, the Karnataka SIT is the primary company to lodge an FIR on this case based mostly on which the Enforcement Directorate registered an ECIR and began its investigation.
Through the questioning in Delhi, if sources are to be believed, Mansoor Khan revealed just a few large names which might have far reaching political implications in future.
Sources declare that Mansoor was dwelling in Dubai together with his members of the family, his fourth spouse and brother-in-law Junaid. The prime accused was staying underneath the safety of an Indian businessman in a fancy Dubai space. It has come to information of businesses that Mansoor used to have late evening conferences in a Dubai resort to debate his enterprise plans. This was additionally to debate who would take over his enterprise in Dubai.
On June 28, ED had provisionally connected immovable properties value greater than Rs 197 crore from 51 Financial institution accounts and Rs 11 crore from HDFC Financial institution. The FIR had revealed that the accused entities had cheated greater than 40000 center class and decrease center class folks by Ponzi Schemes.
Investigations underneath PMLA revealed that the accused firms and its administrators have indulged within the offence of cash laundering by dishonest widespread folks by Ponzi schemes and generated the proceeds of crime within the type of movable and immovable properties. A devoted workforce was constituted to research the case. It was revealed that Mohammed Mansoor Khan had promised return on funding starting from 2.5 to three% monthly to all of the traders.
It has been alleged that on evaluation of 105 financial institution accounts with varied personal banks in addition to co-operative societies of IMA Group it has been discovered that Mohammed Mansoor Khan acquired about Rs 4000 crore as investments. “The accused & his associates have diverted the quantity in varied accounts and bought varied immovable and movable properties in his identify, within the identify of the opposite administrators and associates. Investigation has additionally revealed that Mohammed Mansoor Khan had deposited money of about Rs 44 crore in varied financial institution accounts throughout the demonetization interval. Because of motion of the Earnings Tax Division IMA Group had paid tax of Rs 22 Crore. The remaining quantity of Rs 11 Crore was mendacity in a financial institution which has been recognized throughout the investigation,” mentioned an officer.
Additionally learn: IMA jewels proprietor Mansoor Khan arrested in Delhi in ponzi rip-off