I Monetary Advisory (IMA) Group founder Mohammed Mansoor Khan, who is accused of cheating investors to the tune of over ₹2,500 crore and fled the country as his firm wound up its operations in June, was arrested by the Enforcement Directorate (ED) after he landed in the Delhi airport from Dubai in the early hours of July 19.
The Special Investigation Team (SIT), set up by the Karnataka government, said in a statement that it located Mr. Khan in Dubai through its sources and persuaded him to come back to India and submit himself before law. Accordingly he travelled from Dubai to New Delhi (Flight AI 916) on July 19 morning.
A look-out notice against him had been issued by the Enforcement Directorate and the Karnataka Police.
The accused had flown out of the country in June, leaving behind an audio clip in which he purportedly threatened to commit suicide.
In another video, he had offered to cooperate in the probe with certain conditions.
The SIT recently questioned former Karnataka Minister and Congress leader R. Roshan Baig following allegations by Khan that he had borrowed ₹400 crore from him.
Mr. Baig later told the media that he had been detained owing to some confusion. He said he would cooperate with the investigators.
Congress MLA Roshan Baig, who had been detained and questioned by the SIT in connection with the IMA probe, submitted documents to the police on Friday. "If further questioning is required he will be called again," said an SIT officer. The former minister had been detained for questioning at Kempegowda International Airport on Monday, and released the next day after 14 hours of questioning.
