Probe ordered into affairs of Karnataka’s IMA group: Govt


Team Udayavani, Jul 16, 2019, 1:17 PM IST

Image for Representation

Bengaluru: The Corporate Affairs Ministry has ordered a probe into the dealings of a firm linked to the Bangalore-based IMA group, under scanner in a multi-crore ponzi scam, the government said on Monday.

MoS for Finance Anurag Thakur said the Registrar of Companies, Bangalore, has received a complaint against IMAIP Bullion and Trading for collecting amount from public by inducting them as partners in the limited liability partnership firm.

Based on the RoC report, the ministry has ordered an investigation against the company, he said in a written reply to a question in Lok Sabha.

Depositors from Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, Maharashtra and even Delhi are said to have fell into the trap of the scam allegedly pulled by the IMA group.

The Karnataka Police SIT has arrested 18 people in connection with the scam case.

Thakur said the Enforcement Directorate has registered a case under the Prevention of Money Laundering Act against the IMA group that stands for ‘I Monetary Advisory Private Limited.’

According to information received from the Karnataka government, a case has been registered and a special investigation team has been constituted to probe the case, he said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

SC notice to Karnataka, DK Shivakumar on CBI plea against withdrawal of consent by state govt

Will remain active in politics till my last breath: JD(S) patriarch & ex-PM Deve Gowda

BJP calls Congress govt ‘laughing stock’ as ‘samosa politics’ heats up in Himachal

Chikkaballapur: Yoga teacher feigns death by holding her breath, escapes murder bid

World Bunts Summit to be held in Mumbai on December 7

SC dismisses PIL seeking CBI probe into Tirupati laddus row

Salman Khan gets another threat; message sent to Mumbai traffic police helpline

Related Articles More

SC notice to Karnataka, DK Shivakumar on CBI plea against withdrawal of consent by state govt

Will remain active in politics till my last breath: JD(S) patriarch & ex-PM Deve Gowda

New kind of ”Jihad” in Karnataka through Waqf Board, alleges Union Minister Pralhad Joshi

Chikkaballapur: Yoga teacher feigns death by holding her breath, escapes murder bid

Leopard spotted near M’luru airport, Forest Dept begins search operation

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Akhilesh Yadav attacks BJP on demonetisation anniversary

SC notice to Karnataka, DK Shivakumar on CBI plea against withdrawal of consent by state govt

DeMo paved way for monopolies by devastating MSMEs, informal sector: Rahul on note ban anniversary

Will remain active in politics till my last breath: JD(S) patriarch & ex-PM Deve Gowda

Comply with order allowing minority student to attend St Stephen’s College: HC tells DU

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.