CBI files chargesheet against former minister Roshan Baig in IMA scam
New Delhi, April 27
The Central Bureau of Investigation has today filed a supplementary charge sheet against former Minister of Karnataka Roshan Baig in Rs. 4000 crore monetary advisor (IMA) scam case.
His firm and MD Mansoor Khan of IMA Group based at Bangalore and its other Directors have been also named in the chargesheet.
According to the CBI, the accused former Minister received several crores of rupees from IMA funds for election expenditure. It was further alleged that the accused was also utilising the said funds for day-to-day expenditure including salaries of employees of his firm. It was also alleged that the accused has spent the funds for various social and cultural activities in his constituency to increase his popularity.
The funds of IMA were allegedly unauthorised deposits raised from citizens to the tune of Rs 4000 crore(approx) from around one lakh investors. It has been alleged that money was diverted to the former Minister so that the accused firm could continue it's illegal activities.
CBI had registered four cases in the said scam and earlier filed three charge sheets and three supplementary charge sheets against 33 accused including MD & CEO of said Group; its directors; several private persons, revenue and police officials.
The CBI officials stated that the said Group had raised unauthorised deposits & cheated the public by failing to repay the principal and as well as the promised returns. These funds were allegedly diverted for acquiring properties, paying bribe amounts etc. Several properties including moveable & immovable were identified and attached under KPIDFE Act, 2004 by the Competent Authority.
The CBI is further investigating the case. is continuing.
