Bengaluru: Mohammed Mansoor Khan, the prime accused in the multi-crore IMA scam, was remanded to judicial custody yesterday.
Mansoor Khan was produced before the special Prevention of Money Laundering Act (PMLA) Court by the officials of Enforcement Directorate (ED) as his custody ended. Later, the Court remanded him to judicial custody till Aug. 14.
Khan was arrested on July 19 on his arrival in the country from Dubai after a Special Investigation Team (SIT) probing the scam located and persuaded him return to India. He is facing investigation for allegedly duping 40,000 investors in the country.
Mansoor Khan had fled the country last month after several complaints were registered against him in connection with the scam. Later, he had released a video expressing his desire to come back to the country and participate in the investigation. An 11-member SIT headed by DIG B.R. Ravikanthe Gowda is probing the alleged fraud by the firm. Both the ED and the SIT had issued lookout notice against him.
This post was published on August 2, 2019 7:36 pm