I Monetary Advisory (IMA) Group founder Mohammed Mansoor Khan, main accused and wanted in the multi-crore financial fraud, was arrested by the Enforcement Directorate (ED) in New Delhi in the wee hours of Friday. Khan was arrested soon after he landed in Delhi on a flight that had arrived from Dubai.
A Special Investigation Team (SIT) in Karnataka that is simultaneously probing the IMA case said that the team of SIT had located Khan in Dubai through its sources and had persuaded him to return to India and surrender. “Accordingly, he has travelled from Dubai to New Delhi and landed at 01.50 hours. SIT officers are in Delhi to secure and arrest the accused,” a top police official said. The police also said that it will take some time before Khan is brought to Bengaluru for further investigation.
Mansoor Khan who is accused of duping over 45,000 investors has been on the run since June 7. On Monday, he had released a video announcing his return to India in 24 hours. Calling his decision to leave the country “a big mistake,” Khan had said that he wants to surrender and be a part of the investigation. He had also cited medical illness as one of the reasons to come back to India. Interpol had issued a blue corner notice for his look out.
A fortnight after absconding, Khan had released a video taking the names of some influential Congress and JD(S) leaders and holding them responsible for “ruining” his business. In the latest video too Khan reiterated his previous statement that he will share details and documents related to his business with the authorities concerned.
The high profile case has seen the arrest of deputy commissioner of Bengaluru urban and assistant commissioner of Bengaluru north for taking bribe and reporting positively on IMA’ business. In fact, on Monday night, SIT had detained Shivaji Nagar MLA Roshan Baig whose name has been linked to the scam. He was released after hours of questioning. Baig has been summoned to appear before the SIT for further interrogation today.
Khan’s arrest has come at a time when the Janata Dal (Secular)-Congress government in Karnataka is on the brink of a collapse. Khan is said to have had links with political leaders in both the Congress and the JD(S).