Bengaluru: Aged Congress minister R Roshan Baig used to be arrested by the CBI in Bengaluru on Sunday in connection with the multi-crore I-Monetary Advisory (IMA) ponzi scam, company sources acknowledged.
Baig, who used to be disqualified as a Congress MLA after he revolted against the occasion closing yr, used to be summoned to the CBI office on Sunday morning and “in accordance to enviornment matter evidence, he has been arrested,” they acknowledged.
The ragged Shivaji Nagar MLA used to be produced sooner than a court which remanded him to 14-day judicial custody, the sources added.
The multi-crore ponzi plan tear by Karnataka-essentially based IMA and its group of workers entities allegedly duped over a lakh of of us to the tune of Rs 4,000 crore promising better returns utilizing Islamic methods of investment, the sources acknowledged.
The scam came to gentle in June closing yr when the IMA operator Mohammed Mansoor Khan fled the nation accusing Baig and some executive officers of cheating him.
Khan had alleged that Baig had taken about Rs 400 crore from him, a mark rejected outright by the latter.
Baig used to be not inducted into the BJP, unlike 16 other disqualified legislators of the Congress and the JDS, whose riot resulted in the collapse of the HD Kumarasamy-led coalition executive closing yr.
The seven-time MLA did not contest the byelections held in December closing yr while 14 others got BJP tickets after becoming a member of it.
Khan came to India after grand persuasion by the police and surrendered himself.
The then coalition executive of Congress and JD(S) had fashioned a special investigation group of workers to probe the matter. Then again, the BJP executive which came to energy later handed over the case to the CBI.
The CBI has arraigned an IAS officer, two IPS officers, a KAS officer, and a corporator as accused among others within the case after the verbalize executive gave permission for prosecuting them.
The IAS officer, who used to be the ragged deputy commissioner of Bengaluru Metropolis district, had died allegedly by suicide in his condominium a pair of months ago.