The searches were carried in Front Line Pharma, Neelasandra and Vijayanagar.The SIT had arrested BDA executive engineer P D Kumar on July 1 and produced him before the court.5 kg silver and cash worth Rs 83,26,000.On June 25, Special Investigating Team (SIT), had conducted searches at IMAs Tilak Nagar and Yashwantapur branches here. The court sent him to 8-days police custody.The search was still on in HSR layout pharmacy.On Tuesday, it was reported Enforcement Directorate (ED) will summon R Roshan Baig, MLA from Karnatakas Chamarajpet, for his alleged links with Mohammad Mansoor Khan, promoter of IMA Jewels and prime accused in Ponzi scheme case, Wholesale custom steel castings Suppliers under investigation for duping 40,000 investors in the state, sources in the agency said here on Tuesday.
During the searches, the SIT also seized 60,000 in cash and pharmacy and electronic goods worth Rs 40 lakh. Khan had claimed that he paid Rs 400 crore to Baig which he was not returning.Bengaluru: The Special Investigation Team (SIT) formed by Karnataka government to investigate IMA ponzi scam on Wednesday carried out searches in several properties owned by IMA Jewels.The agency seized 2.Earlier, SIT raided the firms branches in Shivajinagar and seized jewellery worth Rs 13 crore, some property documents and a pistol with bullets.
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