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Main accused in IMA Group scam claims threat to life, seeks CBI probe

Over 40,000 people have filed complaints against IMA in the hope of getting back their investments.Premium
Over 40,000 people have filed complaints against IMA in the hope of getting back their investments.

  • Mohammed Mansoor Khan says he is willing to return to India and make public a list of names involved in the scandal that includes politicians
  • Khan accuses senior Congress leader K. Rahman Khan, JD(S) legislator T. Sharavana among others of running a campaign to end the company

BENGALURU : Mohammed Mansoor Khan, chief executive of Bengaluru-based IMA Group and main accused in the over 700 crore scandal involving his company, on Sunday sought a Central Bureau of Investigation (CBI) probe into the case.

In a video statement, Khan said he was willing to return to India and make public a list of names involved in the scandal that includes politicians. He did not disclose his current location claiming threat to his life.

“There were very big people behind this company and if I take their names now, they will find and kill my family, who are hiding in India," he said.

Khan left India, after he released an audio recording in which he claimed to have been defrauded by Congress leaders like R. Roshan Baig among others.

In the latest video, uploaded on YouTube, Khan accused senior Congress leader K. Rahman Khan, Janata Dal (Secular) legislator T. Sharavana among others of running a campaign to end the company.

Khan said he wanted to return to India on 14 June but was asked to deboard the aircraft. He reached out to Alok Kumar, the newly appointed police commissioner of Bengaluru, asking the latter to give him a safe passage to India.

Kumar said that a Special Investigation Team (SIT), set up to probe the case, will look into the video.

Over 40000 investors have filed complaints against IMA. Khan said since 2006, the company had made over 12,000 crore profit, which was returned to investors. He claimed to have returned 2,000 crore capital investments also.

“There is about 1,350 crore assets of IMA that can be liquidated and returned to the people," Khan said.

“I was never running a ponzy scheme." Khan said, adding that it was “true business". He threatened to name all those, including state and central level leaders, who were involved in the scandal.

“I am certain that these people will not spare my life. The names on the list are not small people," he said.

Khan said he could be killed in custody, in the court or when he is out on bail. He also claimed that a non-banking financial company (NBFC) had agreed to fund IMA but an Indian Administrative Services (IAS) officer had not issued the required document, demanding bribe.


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