ED arrests IMA chief Mansoor Khan at Delhi airport

Mohammed Mansoor Khan was arrested from the Delhi airport while he was returning from Dubai, where he was hiding after the IMA scam came out.

I Monetary Advisory (IMA) director Mohammed Mansoor Khan, who has been absconding since June 10 after the multi-crore ponzi scheme he ran in Bengaluru crashed, was arrested by the Enforcement Directorate (ED) on Friday morning.

Khan was arrested from the Delhi airport while he was returning from Dubai, where he was hiding after the IMA scam broke out. He has been taken into joint custody by the Special Investigation Team (SIT) and ED. Khan has been shifted to the ED office at MTNL building in Delhi for further questioning.

"An SIT team located IMA founder-owner Mohd Mansoor Khan in Dubai, through its sources, and persuaded him to come back to India and submit himself before the law. Accordingly, he has travelled from Dubai to New Delhi on Flight AI 916 and landed at 01550 hrs IST. SIT officers are in Delhi to secure and arrest him," SIT chief Ravinkanthe Gowde said, reports ANI.

Nearly 40,000 investors had registered their complaints against Khan and IMA for defrauding them of their hard-earned money amounting to crores. Khan had released an audio clip right after he fled the country, in which he claimed that he would end his life due to the pressure on him. He said that he was cheated by several corrupt government officials.

Khan released a second video on July 15, where he claimed that he would return to India within 24 hours. He also said that he would return the investors' money after liquidating his assets.

The IMA chief also claimed several top politicians of Karnataka were behind the scam, including former Congress leader R Roshan Baig, who was recently arrested by the investigating officers and minister Zameer Ahmed.