City
Epaper

ED gets 3-day custody of Ponzi scamster Mansoor Khan

By IANS | Updated: July 20, 2019 15:15 IST

The Enforcement Directorate (ED) on Saturday got three-day custody of IMA Jewellers' founder and prime accused in the multi-crore Ponzi scam Mansoor Khan from a Bengaluru court for a joint probe with the SIT, an official said.

Open in App

"Khan was flown to Bengaluru from Delhi on a transit remand by the ED earlier in the day and produced in a local court for joint custody to interrogate him in the scam," an official of the Special Investigation Team (SIT) told here.

As the ED also booked Khan under the Prevention of Money Laundering Act (PMLA) for transfer of funds to overseas banks, ED Director Raman Gupta produced him before Special PMLA court judge Shivashankar for joint custody.

"The judge, however, granted the ED three-day custody of Khan for questioning him though the law enforcing agency sought a 10-day remand. We will seek his custody after the ED interrogates him," said the SIT official.

The SIT, set up by the Karnataka government in June to investigate the cheating case, has so far arrested 23 people, including seven directors of the IMA.

The Delhi Police produced Khan before Duty Magistrate Harjit Singh Jaspal in New Delhi on Friday night for transit remand to take him to Bengaluru where his company is headquartered.

Khan was arrested at the international airport early on Friday on arrival from Dubai on an Air India flight by the ED sleuths.

The major breakthrough in the mega scam for the ED and SIT came as a lookout or Blue Corner notice on Khan was issued to all concerned, including Interpol.

Khan's return to Bengaluru raises hopes of about 40,000 investors getting their money and jewellery they invested in his Ponzi scheme for huge returns.

( With inputs from IANS )

Tags: New DelhiBengaluru
Open in App

Related Stories

Social ViralViral Video: Monkey Pays Emotional Tribute to 85-Year-Old Woman Who Fed Him Daily

NationalBengaluru Shocker: Man Accuses Wife of Forcing Him Into Unnatural Sexual Acts With Her Friend

NationalBengaluru News: Techie Jumps from 17th Floor After Partner's Death

BusinessJRC Wildwoods Highlights: Why Some Bengaluru Homebuyers Are Reconsidering How They Live

CricketVirat Kohli, Devdutt Padikkal Shine As Royal Challengers Bengaluru Beat Sunrisers Hyderabad by 6 Wickets in IPL 2026 Opener (VIDEO)

National Realted Stories

NationalJob lure to sale plot: Policewomen rescue minor girl in Delhi, arrest accused

NationalBengal BJP candidate Dalim Roy injured during campaign, condition stable

NationalKarnataka Cong leaders allege LPG crisis, blame Centre for 'livelihood losses'

NationalAssam set to grant BJP landslide victory to root out infiltration: Amit Shah

NationalMan-made 2018 flood allegation opens floodgates of controversy on Assembly poll eve in Kerala