Ganesh Puthur
Congress leader and ex-Cabinet minister Roshan Baig was arrested by the Central Bureau of Investigation for his alleged involvement in the 2500 crore I-Monetary Advisory (IMA) ponzi scam. Baig is sent to 14-day judicial custody by the special court. More than 51,000 depositors were fooled in this Islamic banking style scam. Baig was arrested on Sunday after 10-hour questioning. He is currently lodged in Parappana Agrahara jail.
After the fall of IMA, its co-founder Mohammad Mansoor Khan was arrested. He alleged that Baig had cheated him of 400 crores and lured him to give expensive gifts including jewellery and car. He had also named some government officials for their involvement in this scam. After the arrest of Baig, his Bangalore residence was raided by CBI. The team consisted of 12 officials from the central agency.
Baig, a seven-time MLA was suspended from the Congress party in July 2019 for his anti-party activities when he had questioned the party leadership over the 2019 Lok Sabha election debacle.
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