Published On: Sat, Jul 20th, 2019

ED gets 3-day custody of Multi crore Ponzi scamster Mansoor Khan

Bengaluru: 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.

Khan was arrested at the international airport early on Friday on arrival from Dubai

“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 custody to interrogate him in the scam,” an official said.

As the ED had 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 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 an official of the SIT formed by the state government to probe the scam.

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 has duped over 40,000 investors by getting them invest money and jewellery in his Ponzi scheme on the assurance of huge returns.

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