IMA ponzi scheme case continues to haunt Karnataka's power circles

Despite investigation, chances of getting back deposited money look bleak

Even as the Enforcement Directorate (ED) is readying an appeal to Interpol on issuing a Red Corner Notice against promoter of I Monetary Advisory (IMA) Mohammed Mansoor Khan, this politically-sensitive ponzi case continues to haunt Karnataka’s power circles.

Claiming innocence, Khan had alleged the involvement of R Roshan Baig, the MLA from Shivajinagar. He also threatened to come up with more names and give proof of their involvement in the case. 

Meanwhile, the Opposition BJP in Karnataka has demanded the resignation of B Z Zameer Ahmed Khan, state minister for minority welfare, after he was summoned by the ED in