BENGALURU: On the day the
Karnataka government announced handing over of investigations into the alleged
Ponzi scheme run by I Monetary Advisory (
IMA) to the Central Bureau of Investigation, sleuths from the
Special Investigation Team arrested a 40-year-old traditional healer on charges of purchasing property using investors' money and illegally storing cash sent by Mansoor Khan in a bunker.
The accused, R Khamarulla Jamal, from Pulakeshinagar, ran a cement brick manufacturing unit at Malur in Kolar district, said a press note by the SIT that's probing the multi-crore scam.
Jamal is the 26th person to be arrested in the IMA scam.
He had deployed 2 armed men to guard bunkerThe accused, an old friend of Khan, had bought 1.5 acres of land in Malur where he ran the factory. The investment for the land and factory was made from the cash deposited by investors with IMA,” the press note said. “The accused had built a 20ft by 15ft bunker (in pic) inside the factory premises. The bunker had no windows or ventilators. One small door was the entry and exit point. He confessed Khan had hidden cash bundles in the bunker last year. Khamarulla had deployed two armed securitymen to guard it,” an SIT source said.