New Delhi: In a major financial scam that came to the notice of the Enforcement Directorate (ED) officials is the IMA financial scam. In connection with the scam, the Enforcement Directorate (ED) arrested the founder of the IMA Group at the New Delhi airport when he returned from Dubai in the early hours of Friday morning. He has been directly taken to the ED office for interrogation. The main accused in the IMA Ponzi scam has been identified as Mohammed Mansoor Khan, founder of the IMA Group. He had left the country ever since the scam had been done and he was found to be in Dubai by a Special Investigation Team (SIT) on late Thursday. They managed to persuade him to return to India. The privately-owned company (IMA Group) floated a scheme namely the Ponzi scheme which offered investors dream returns to the tune of 36 to 64 percent on investments. The above-mentioned company was accused of allegedly transferring off almost Rs. 4000 crore for the personal benefit of the owners. The SIT Chief Mr. Ravinkanthe Gowde said the whereabouts of the accused was located by the SIT team to be in Dubai. The accused is IMA founder cum owner Mohd Mansoor Khan. He was persuaded to come back to India and surrender himself before the law. He has complied with our persuasion and has traveled from Dubai to New Delhi and the SIT officials are in Delhi to arrest him. Since both Special Investigation Team (SIT) and Enforcement Directorate (ED) has released a lookout circular against the accused he will be handed over as per the procedures, he added. The complaint against Khan’s company initially came in the year 2018 when the investors complained that the company was defaulting on the payments. ]]>
