IMA Ponzi scam - Latest News Update, Information, Photos & Videos on IMA Ponzi scam at Lokmat Times

IAS officer BM Vijay Shankar, was found dead at his home in a posh Bengaluru neighbourhood on Tuesday evening. Vijay Shankar said to be involved with a multi-crore IMA Ponzi scam. The police were informed about IAS officer BM Vijayshankar's suicide following which his body was taken for postmortem. Following BM Vijayshankar's suicide, details regarding his involvement with the multi-crore IMA Ponzi scam have emerged. Vijayshankar was arrested and jailed after he was allegedly found involved in the multi-crore IMA scam in the city during 2018-19.The Karnataka cadre officer was suspended from service while he was Deputy Commissioner of Bengaluru Urban district after he had confessed to taking Rs 1.5 crore bribe from the IMA scam kingpin Mohammed Mansoor Khan though he alleged to have sought Rs 5 crore from the latter. The main accused in the scam is Mohammad Mansoor Khan, who started the ponzi scheme in 2013. A probe by the CBI had revealed that IMA group entities had raised illegal and unauthorised deposits to the tune of over Rs 4,000 crore in an allegedly fraudulent manner from investors, which caught the attention of the Income Tax department and the RBI.

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Mega Block

Maharashtra Lok Sabha Election

T20 World Cup 2024

Ima Ponzi ScamFOLLOW

Ima ponzi scam, Latest News

National :IAS officer BM Vijay Shankar suspended in 4,000 crore bribery scam found dead

IAS officer BM Vijay Shankar, was found dead at his home in a posh Bengaluru neighbourhood on Tuesday evening. ... ...