The Special Investigation Team on Thursday arrested Umar Shariff, 42, a city-based social worker, on the charge of receiving a huge sum of money from Mohammed Mansoor Khan, the fugitive founder of the scam-ridden IMA Group of Companies.
The SIT, which is probing Khan’s financial transactions, stumbled on the involvement of Umar Shariff. According to SIT officials, Shariff owns a school ‘Al Basheer’ on Bannerghatta Road. He was allegedly promoting Khan’s business and had been persuading his contacts to invest in IMA’s schemes for the last five years.
Investigations have revealed that Shariff had taken ₹60 lakh in cash and a van worth ₹15 lakh from Khan in return for his services. He was produced in court and taken into four days’ custody for further questioning, a senior police officer said.
Last Thursday, the SIT had arrested Haneef Afsar Azeez, a moulvi of Bepari mosque on O.P.H. Road at Shivajinagar. Azeez was allegedly gifted a residential flat at HBR Layout worth ₹3 crore by Khan in return for persuading his contacts to invest in the schemes of the IMA Group.
