IMA scam: ED raids Roshan Baig and Zameer Ahmed Khan

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Over 100 ED officials from New Delhi landed in Bengaluru for the search operations

 

Enforcement Directorate (ED) raided properties belonging to former MLA R. Roshan Baig and Congress MLA B. Z. Zameer Ahmed Khan in connection with the ₹4,000 crore IMA scam, a ponzi scheme in which thousands of investors were allegedly cheated in the name of halal investment that went bust in June 2019. Raids were underway at multiple locations in Bengaluru since August 5 morning.

While Mr. Baig has been chargesheeted in the case by the CBI, Mr. Khan was questioned by multiple agencies, including the ED, for a property transaction with IMA founder Mohammed Mansoor Khan, but he has not been charged by any agency till date.

ED, Bengaluru began the probe into the case in 2019. It was transferred to the head office in Delhi in 2020 due to the sensitive and high profile nature of the case, sources said. The agency had largely kept quiet for nearly a year-and-a-half until…

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