Former Karnataka Minister Roshan Baig Gets Bail in Multi-crore IMA Scam Case
4 years ago

Former Karnataka Minister Roshan Baig Gets Bail in Multi-crore IMA Scam Case

News 18  

A special CBI court here on Saturday granted bail to former Karnataka Minister Roshan Baig in the multi-crore I Monetary Advisory investment scam. Baig’s advocate, while citing his health condition, informed the court that his client has cooperated with the investigation and all the accused in the case have been granted bail, barring the MD and CEO of the IMA Group of companies. The multi-crore ponzi scheme run by Karnataka-based IMA and its group entities allegedly duped over a lakh of people to the tune of Rs 4,000 crore promising higher returns. The scam came to light in June last year when the IMA operator Mohammed Mansoor Khan fled the country accusing Baig and some government officers of cheating him.

Karnataka Cbi Khan Ima Baig Multi  roshan  gets  scam  officers  karnataka  special  multicrore  minister  investigation  rs  court  bail  ima  case  baig  cbi

History of this topic

State Appears To Be Shielding Main Accused Who Haven't Been Summoned In ₹100 Crore Bhovi Corporation "Scam" Probe: Karnataka HC
5 days, 1 hour ago

State Appears To Be Shielding Main Accused Who Haven't Been Summoned In ₹100 Crore Bhovi Corporation "Scam" Probe: Karnataka HC

Live Law  

While hearing a matter seeking transfer of probe in the over Rs 100 crore Bhovi Development Corporation "scam", the Karnataka High Court on Thursday observed that the state government appeared to be shielding the main accused who has not been summoned for investigation and have neither secured bail. Justice M Nagaprasanna was hearing a petition filed by two accused Yashaswini …

Bail refused for Kutch businessman who caused 150cr loss to bank
1 week, 2 days ago

Bail refused for Kutch businessman who caused 150cr loss to bank

Hindustan Times  

MUMBAI: A special PMLA court on Friday rejected the bail plea of Ramchand Issrani, a 64-year-old businessman from Gujarat, who was arrested in a money laundering case for allegedly cheating Union Bank of India. Bail refused for Kutch businessman who caused 150cr loss to bank In 2021, CBI had booked him for misappropriating funds and cheating Union Bank of India, …

Judge orders cleric to pay ₹1.16 crore in cheating case
1 week, 3 days ago

Judge orders cleric to pay ₹1.16 crore in cheating case

Hindustan Times  

Additional Sessions Judge AS Waghmare granted anticipatory bail to social media influencer and cleric Abdul Rashid Kalandar Khan alias Miftahi in connection with a ₹1.16 crore cheating case lodged against him at Kondhwa police station. The bail was granted on December 11 on the condition that the accused will deposit ₹30 lakh before being released on bail and after his …

RG Kar case: 2 key accused get bail for no CBI chargesheet
Trending News
1 week, 3 days ago

RG Kar case: 2 key accused get bail for no CBI chargesheet

Deccan Chronicle  

Kolkata: In a dramatic twist in the case of rape and murder of a young doctor at R G Kar Medical College and Hospital, two key accused-- a senior doctor and a cop-- got bail from a city court on Friday after the CBI failed to chargesheet them within a stipulated time. On September 14, the special crime branch of …

Excise policy case: Durgesh Pathak gets bail, Kejriwal’s judicial custody extended
3 months, 1 week ago

Excise policy case: Durgesh Pathak gets bail, Kejriwal’s judicial custody extended

The Hindu  

Two persons, including senior Aam Aadmi Party leader and Delhi MLA Durgesh Pathak, were granted bail by different courts in the Capital on Wednesday, in connection with the now-withdrawn Delhi excise policy for 2021-22. A Rouse Avenue court, while granting relief to Mr. Pathak, extended the judicial custody of Delhi Chief Minister Arvind Kejriwal, a co-accused in the case, till …

Bombay High Court Grants Bail To German Bakery Blast Convict Mirza Himayat Baig In 2010 Nashik Terror Case
11 months, 2 weeks ago

Bombay High Court Grants Bail To German Bakery Blast Convict Mirza Himayat Baig In 2010 Nashik Terror Case

Live Law  

The Bombay High Court on Friday granted bail to Mirza Himayat Baig arrested in 2010 for allegedly being a Lashkar – E - Taiba operative and participating in a terror conspiracy in Nashik. Baig is already serving a life sentence in the German Bakery Blast Case. Advocate Mubin Solkar along with Advocate Mohammed Ibraheem KM for Baig argued that the …

CBI arrests Indian Defence Accounts Service officer in connection with 10 lakh bribery case
1 year, 11 months ago

CBI arrests Indian Defence Accounts Service officer in connection with 10 lakh bribery case

India TV News  

The CBI has seized Rs 40 lakh in cash during searches conducted after the arrest of an Indian Defence Accounts Service officer, officials said on Friday. The agency arrested Uma Shankar Prasad Kushwaha, a 1998-batch IDAS officer attached to the Indian Army's South Western Command in Jaipur as the Integrated Financial Advisor, along with Ram Roop Meena, an accounts officer …

SSC scam: Special CBI court rejects former Bengal minister Partha Chatterjee's bail plea
2 years ago

SSC scam: Special CBI court rejects former Bengal minister Partha Chatterjee's bail plea

India TV News  

A special CBI court at Alipore has yet again rejected the bail plea of arrested former West Bengal minister Partha Chatterjee and extended his judicial remand till December 12 on a prayer by the agency investigating the School Service Commission recruitment scam. Chatterjee, first arrested by the Enforcement Directorate on July 23 following recovery of cash, jewellery and property deeds …

CBI raids Gujarat IAS officer's premises in graft case, arrests his aide
2 years, 7 months ago

CBI raids Gujarat IAS officer's premises in graft case, arrests his aide

India TV News  

Highlights K Rajesh is serving as the joint secretary in the General Administration Department Rajesh had a tainted tenure while being posted in Gujarat's Saurashtra He is accused of giving arms licences to ineligible persons in lieu of money The Central Bureau of Investigation on Thursday raided the premises linked to a Gujarat cadre IAS officer of the 2011 batch. …

ED raids properties of K’taka Congress MLA and former legislator in IMA case
3 years, 4 months ago

ED raids properties of K’taka Congress MLA and former legislator in IMA case

Hindustan Times  

The Enforcement Directorate on Thursday conducted searches at properties associated with Congress MLA Zameer Ahmed Khan and former MLA Roshan Baig in connection with the I-Monetary Advisor Ponzi scam case. On April 27, the Central Bureau of Investigation had filed a supplementary charge sheet against former Karnataka minister Baig in connection with the IMA Ponzi scam case. The CBI named …

IMA scam: ED raids properties linked to former Congress minister Roshan Baig
3 years, 4 months ago

IMA scam: ED raids properties linked to former Congress minister Roshan Baig

India Today  

The Enforcement Directorate on Thursday conducted searches at properties in Mumbai and Bengaluru linked to former Karnataka minister Roshan Baig in connection with a money laundering case. WHAT IS THE IMA SCAM CASE Roshan Baig, a former Congress MLA, was arrested on November 22 last year by the Central Bureau of Investigation in the Rs 4,000 crore IMA scam case. …

Roshan Baig's Assets Attached to Recover Money Lost in IMA Ponzi Scam, Karnataka Govt Tells HC
3 years, 5 months ago

Roshan Baig's Assets Attached to Recover Money Lost in IMA Ponzi Scam, Karnataka Govt Tells HC

News 18  

The government of Karnataka informed the High court on Wednesday that it has attached properties belonging to Roshan Baig, the former minister and ex-MLA accused in the 4,000 crore IMA ponzi scam. Baig, once an influential seven-time Congress MLA from Shivaji Nagar constituency in the heart of Bengaluru, had resigned in July 2019 when 17 other MLAs from the ruling …

Narada Bribery Case: Calcutta High Court Grants Interim Bail To 4 Bengal Leaders
3 years, 6 months ago

Narada Bribery Case: Calcutta High Court Grants Interim Bail To 4 Bengal Leaders

News 18  

Kolkata: In a major setback to the Central Bureau of Investigation, the Calcutta High Court on Friday granted interim bail to four West Bengal leaders who were arrested on May 17 by the investigative agency in connection with the Narada bribery case. A five-member bench of the Calcutta High Court granted bail to TMC leaders Firhad Hakim, Madan Mitra and …

Narada Scam Case: Special Court Grants Bail To West Bengal Ministers And Others
3 years, 7 months ago

Narada Scam Case: Special Court Grants Bail To West Bengal Ministers And Others

Live Law  

A Special CBI court on Monday granted interim bail two ministers of Mamata Banerjee-led West Bengal government, a TMC MLA and a former Kolkata mayor in the infamous Narada scam case. Judge Anupam Mukherjee granted bail to All India Trinamool Congress leaders and Ministers, Firhad Hakim @ Bobby Hakim and Subrata Mukherjee, TMC MLA Madan Mitra and former Kolkata Mayor …

CBI raids own official in Uttar Pradesh for taking bribe from bank fraud accused
3 years, 11 months ago

CBI raids own official in Uttar Pradesh for taking bribe from bank fraud accused

India Today  

A team of the Central Bureau of Investigation on Wednesday conducted searches at premises linked to its official, DSP RK Rishi, who was allegedly involved in taking bribe from a bank fraud accused. On Thursday, the Anti Corruption Unit of Central Bureau of Investigation conducted searches at premises linked to the accused officials for taking bribe from an accused in …

IMA Ponzi Scheme Accused and Ex-Karnataka Minister R Roshan Baig Hospitalised
4 years ago

IMA Ponzi Scheme Accused and Ex-Karnataka Minister R Roshan Baig Hospitalised

News 18  

Former Congress minister R Roshan Baig, who is in CBI custody in connection with the multi-crore I-Monetary Advisory ponzi scam, has been hospitalised after he complained of chest pain and uneasiness, sources said on Friday. According to sources in the CBI, Baig was rushed to the Jayadeva hospital after he developed health related complications on Thursday evening. Baig was arrested …

Former Minister Roshan Baig in 3 Days CBI Custody in IMA Scam Case
4 years ago

Former Minister Roshan Baig in 3 Days CBI Custody in IMA Scam Case

News 18  

A special court on Wednesday granted CBI three days custody of former Congress minister R Roshan Baig, arrested in connection with the multi crore I- Monetary Advisory ponzi scam, agency sources said. “We have obtained three day custody of Roshan Baig till November 28 to further probe his role in the IMA scam,” a CBI source told PTI. CBI sources …

CBI Questions IPS Officer Hemant Nimbalkar in Connection with Multi-crore IMA Ponzi Scam
4 years, 1 month ago

CBI Questions IPS Officer Hemant Nimbalkar in Connection with Multi-crore IMA Ponzi Scam

News 18  

The Central Bureau of Investigation questioned a senior IPS officer for allegedly covering up the multi-crore IMA ponzi scheme, CBI sources said on Tuesday. Recently Nimbalkar was summoned again after the CBI took custody of ponzi scheme operator Mohammed Mansoor Khan on November 21, they added. The premier investigation agency arrested Baig on Sunday after day-long interrogation in the Rs …

CBI Searches Former Congress Minister Roshan Baig's Bengaluru Residence
4 years, 1 month ago

CBI Searches Former Congress Minister Roshan Baig's Bengaluru Residence

News 18  

The Central Bureau of Investigation officials on Monday conducted searches at the residence of former Karnataka minister R Roshan Baig here, a day after arresting him in the multi-crore IMA ponzi scam. The sleuths from the CBI office here searched two locations including the residence of expelled Congress leader Baig in Pulakeshi Nagar, the agency sources said. Meanwhile, the CBI …

IMA Ponzi Case: CBI Searches Former Congress Minister Roshan Baig's Properties in Bengaluru
4 years, 1 month ago

IMA Ponzi Case: CBI Searches Former Congress Minister Roshan Baig's Properties in Bengaluru

News 18  

The Central Bureau of Investigation officials on Monday conducted searches at the residence of former Karnataka minister R Roshan Baig here, a day after arresting him in the multi-crore IMA ponzi scam. The sleuths from the CBI office here searched two locations including the residence of expelled Congress leader Baig in Pulakeshi Nagar, the agency sources said. The premier investigation …

Karnataka's IMA scam and the alleged role of former Congress minister Roshan Baig
4 years, 1 month ago

Karnataka's IMA scam and the alleged role of former Congress minister Roshan Baig

India Today  

One of the most prominent faces in Karnataka politics, R Roshan Baig, is lodged in the Bengaluru central prison after the CBI found material evidence against him in the Rs 4,000-crore I-Monetary Advisory scam. RBI KNEW SOMETHING WAS NOT RIGHT BUT STATE GOVERNMENT DID NOTHING This was way back in 2015, when the RBI had asked the Karnataka government to …

IMA ponzi scam: Ex-Karnataka minister R Roshan Baig arrested by CBI, remanded to 14-day judicial custody
4 years, 1 month ago

IMA ponzi scam: Ex-Karnataka minister R Roshan Baig arrested by CBI, remanded to 14-day judicial custody

Firstpost  

The multi-crore ponzi scheme run by Karnataka-based IMA group allegedly duped over one lakh people to the tune of Rs 4,000 crore, promising higher returns using “Islamic ways of investment” Bengaluru: Former Congress minister R Roshan Baig was arrested by the CBI in Bengaluru on Sunday in connection with the multi-crore I-Monetary Advisory ponzi scam, agency sources said. The multi-crore …

Karnataka HC Grants Bail to Prime Accused in IMA Scam Case Mohammad Mansoor Khan
4 years, 1 month ago

Karnataka HC Grants Bail to Prime Accused in IMA Scam Case Mohammad Mansoor Khan

News 18  

The Karnataka High Court on Thursday granted bail to Mohammad Mansoor Khan, prime accused in the multicrore – I Monetary Advisory’ – scam, a case registered with the Directorate of Enforcement. Besides this the court also allowed the accused to be released on furnishing a bond for Rs 5 lakh and two sureties for the like amount to the satisfaction …

Karnataka HC Grants Bail To Prime Accused Mansoor Khan In IMA Money Laundering Case [Read Order]
4 years, 1 month ago

Karnataka HC Grants Bail To Prime Accused Mansoor Khan In IMA Money Laundering Case [Read Order]

Live Law  

The Karnataka High Court recently granted bail to Mohammad Mansoor Khan, prime accused in the 'I Monetary Advisory' scam in a case registered with the Enforcement Directorate. Court has imposed the following conditions: *He shall regularly appear before the trial court till conclusion of trial. *He shall not alienate any of his properties till conclusion of trial and in case …

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