IMA Fraud: BBMP Nominated Corporator arrested by SIT

IMA Fraud: BBMP Nominated Corporator arrested by SIT

Agency News

Bengaluru, July 1: The Special Investigation Team (SIT) formed the Karnataka Government to investigate into multi-crore IMA fraud has arrested Bruhut Bengaluru Mahanagara Palike (BBMP) nominated Corporator Syed Mujahid yesterday.DGP and IGP Police in a release here on Monday said that during a raid on the house of Syed Mujahid, the SIT team led by City Joint Police Commissioner Ravikant Gowda, recovered important documents relating to IMA business, one Fortune Car and two mobile phones.

Syed Mujahid was remanded to 13 days Police custody when he was produced before a Magistrate after the arrest.The SIT team in all has unearthed 101 bank accounts in the name of IMA Fraud king pin Mansoor Mohammed Khan who is believed to be hiding in Dubai and a SIT team has been flown to arrest him.Steps were taken to Freeze Bank accounts where whopping Rs 1,16,94,307 credit balance are estimated to have been deposited. (UNI)