Leaving India a big mistake, will return in 24 hours, says IMA Ponzi Scam main accused Mansoor Khan
IMA Jewels founder Mansoor Khan, who is accused of perpetrating financial fraud worth crores, on Monday said that he will return to India in the next 24 hours and that leaving India was a big mistake.
He said, "God willing, I will return to India in the next 24 hours, I have full faith in Indian judiciary. First of all, leaving India was a big mistake, but circumstances were such that I had to leave. I don't even know where my family is."
The Special Investigation Team probing the matter has also denied giving more time to suspended Congress MLA Roshan Baig, whose involvement in the scam is also being investigated. Baig was supposed to appear before the SIT on Monday, however, he had asked for time till July 25. Rejecting his plea, the SIT has asked him to appear on July 19.
Earlier, Mansoor Khan, in an audio message accused Baig of taking Rs 400 crore from him and not refunding it.
Baig had refuted the allegation, saying the statement was "frivolous, baseless and mischievous."
The SIT has arrested five people in connection with the scam including the deputy commissioner of Bengaluru urban district BM Vijay Shankar and assistant commissioner of Bengaluru North sub-division LC Nagaraj.
While Vijay Shankar got Rs 1.5 crore, Nagaraj received Rs 4 crore from Khan to cover up the case and issue favourable reports repeatedly for IMA Jewels, after the Reserve Bank of India expressed concern about the functioning of the firm.
Others who have been arrested include a corporator, a Bangalore Development Authority officer and a village accountant.
The SIT had in the past raided many IMA showrooms and recovered cash, gold, silver, valuable gems and costly perfumes.
Over 25,000 complaints have been filed against the company, demanding that their money be returned.