Ad

Tag: Bengaluru Law And Order In Bengaluru

CBI Lodged 3rd FIR in IMA Ponzi Scam

(Bengaluru) CBI Lodged 3rd FIR in IMA Ponzi Scam
The CBI on Saturday booked former deputy commissioner of Bengaluru urban district B M Vijay Shankar, then assistant commissioner L C Nagaraj and a village accountant in connection with the I-Monetary Advisory (IMA) ponzi scam.
The charges against Shankar and Nagaraj are that they allegedly accepted illegal gratification from the directors of IMA Group of Companies through the village accountant Manjunath, who acted as a mediator for the transaction, the investigating agency said in a statement.
The multi-crore ponzi scheme run by Karnataka-based IMA and its group entities allegedly duped lakhs of people promising higher returns using Islamic ways of investment.
The CBI had registered a case on August 30 against Mohammed Mansoor Khan, managing director of the company, and others pursuant to the notifications issued by the Karnataka government and the government of India

Fire Broke out in 5-Star Hotel:Alarm Raised

[Bengaluru]Fire Broke out in 5-Star Hotel:Alarm Raised,none injured
A fire broke out in a five-star hotel today causing panic among the staff and guests before it was put out,
As per fir official The fire has been doused, but smoke still persists.
No casualty has been reported in the incident that came to light when some hotel staff saw smoke emanating from the basement,
The guests were evacuated from the building after the staff raised alarm about the fire.
Seven fire tenders rushed to the spot.