Welcome to Mysooru News

mysore latest news

IMA ponzi scam! A day after arrest, CBI raids former minister Roshan Baig’s house

1 min read

Bengaluru: A day after arresting former minister R Roshan Baig in connection with the multi-crore I-Monetary Advisory (IMA) ponzi scam, sleuths attached to Central Bureau of Investigation (CBI) raided his house on Monday.

The CBI personnel who searched the house of Baig, also inspected his car parked on the premises of his house.

On the other hand, the family members of Baig are planning to appeal for treatment  on health grounds. They have dispatched a file containing detailed medical records of Baig to their advocate.

Baig, a disqualified MLA of the Congress, was summoned to the CBI office on Sunday morning and was arrested later. He was produced before a court which remanded him to judicial custody, the sources said.

The multi-crore ponzi scheme run by State based IMA and its group entities allegedly cheated several lakhs of people promising higher returns using Islamic ways of investment.

– Team Mysoorunews

Mysooru News

Share this