New Delhi | The Enforcement Directorate on Friday arrested IMA Ponzi scam accused Mansoor Khan at the Delhi airport. Khan has been taken to the Enforcement Directorate office for further investigation.
Speaking on the arrest SIT chief Ravinkanthe Gowde told news agency ANI, “An SIT team located IMA founder-owner Mohd Mansoor Khan in Dubai, through its sources, and persuaded him to come back to India and submit himself before law. Accordingly, he has travelled from Dubai to New Delhi. SIT officers are in Delhi to secure and arrest him.” “As Lookout circular (LOC) was issued against him by both Special Investigation Team (SIT) and Enforcement Directorate (ED), he will be handed over according to the procedures,” he added.
Khan earlier releasing a video on Monday said that he would be returning to India in next 24 hours as he has full faith in the Indian judiciary. “I have been trying to return to Bengaluru. I have been unwell and been on bed rest for one month because of my cardiac and diabetic condition. Today, I can make this video as my palpitation is under control. But I promised that I will return as soon as possible. I have a diabetic condition and also heart blockage. I have to undergo an immediate operation as I have three blocks in my heart, and I don’t have enough money”, he said in the video.
“Since I could not afford to get proper treatment, I will be coming to India in 24 hours, on my will. I have full faith in the Indian judiciary”, he added. The Karnataka government has formed an 11-member Special Investigation Team (SIT) headed by DIG BR Ravikanthe Gowda to probe the alleged fraud.
On June 20, the Enforcement Directorate (ED) issued the first summons to Khan, directing him to appear before the agency on June 24.
The next day, SIT raided the IMA Jewels’ office in New Delhi and seized Rs 20 crore worth jewellery. The SIT had arrested the firm’s auditor Iqbal Khan and seven directors of different entities linked to Khan.
Over 40,000 complaints have so far been filed against the company by investors, demanding that their money be returned to them.