The New Indian Express ·
IMA investors demand CBI probe against Minister Zameer Ahmed Khan
BENGALURU: The Aggrieved IMA Investors’ Forum has submitted a formal representation to Karnataka Governor Thaawarchand Gehlot, urging suo motu intervention and a comprehensive Central Bureau of Investigation (CBI) inquiry into financial linkages allegedly connected to minister BZ Zameer Ahmed Khan in the multi-crore I-Monetary Advisory (IMA) scam.
In the representation dated September 13, the forum, representing thousands of depositors who lost their savings in the IMA collapse, pointed to disclosures made by IMA promoter Mohammed Mansoor Khan during Enforcement Directorate (ED) proceedings under the Prevention of Money Laundering Act.
According to the forum, Khan stated that under Section 50 of PMLA, approximately Rs 54 crore was paid to Zameer Ahmed Khan, including cash payments of Rs 29.38 crore and an unreturned cash loan of Rs 25 crore.
