CBI files supplementary chargesheet against Roshan Baig in Rs 4,000-crore IMA scam case

News Network
April 27, 2021

Bengaluru, Apr 27: The CBI filed a supplementary chargesheet against former Karnataka minister Roshan Baig on Tuesday in connection with the Rs 4,000-crore I-Monetary Advisor (IMA) ponzi scam case, officials said.

In its chargesheet filed before a special CBI court in Bengaluru, the central agency has also named the then MD of IMA Group Mansoor Khan, the company, Baig's company Daanish Publications and others.

"It was alleged that the accused former minister received several crores of rupees from IMA funds for election expenditure. It was further alleged that the accused was also utilising the said funds for day-to-day expenditure, including salaries of employees of his firm. It was also alleged that the accused has spent the funds for various social and cultural activities in his constituency to increase his popularity," CBI spokesperson R C Joshi said in a statement.

The IMA scam pertains to over Rs 4,000 crore collected by IMA Group from over a lakh gullible investors in the name of providing attractive returns on investment following Islamic ways.

The Central Bureau of Investigation (CBI) has alleged that the money was diverted to Baig, a minister in the erstwhile Congress government led by Siddaramaiah, so that the IMA Group could continue its illegal activities, officials said.

The CBI had registered four cases in connection with the scam and earlier filed three chargesheets and three supplementary chargesheets against 33 accused, including Khan, company directors, several revenue and police officials. 

"It was alleged that the said Group had raised unauthorised deposits & cheated the public by failing to repay the principal and as well as the promised returns. These funds were allegedly diverted for acquiring properties, paying bribe amounts, etc. Several properties, including moveable & immovable, were identified and attached under KPIDFE (Karnataka Protection of Interest of Depositors in Financial Establishments) Act, 2004 by the competent authority," Joshi said.

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News Network
January 13,2025

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The director general of the Ministry of Health in Gaza has described as “hell” the situation in the north of the strip which has been under an Israeli ground offensive and siege for “100 days”.

“The situation is literally like hell,” Munir al-Barsh said on Sunday, referring to daily Israeli attacks and the regime’s ban on food delivery to medical staff trapped in the north’s hospitals.

He added that “hospitals in northern Gaza have turned into mass graves.”

Al-Barsh noted that the offensive and the destruction of hospitals and infrastructure and any sign of life in the north are aimed to empty the region of its residents.

“The Israeli occupation has been deliberately destroying the health system since the very first moment,” he said, adding that “the destruction of hospitals was the greatest evidence of the [Israeli] genocide.”

According to his statements, 5,000 people have been killed or gone missing, while 9,500 others have been injured since the start of Israel’s offensive on the north of Gaza in early October 2024. The regime’s forces have also abducted about 2,300 people, including 65 medical staff, during the ongoing offensive.

Al-Barsh slammed the “disgraceful” silence of the international community on Israel’s atrocities, which he said, has “deepened the suffering of innocent civilians.”

Israel launched a genocidal war on Gaza on October 7, 2023 after the Palestinian resistance movement Hamas waged the surprise Operation Al-Aqsa Flood against the occupying entity in response to the Israeli regime's decades-long campaign of bloodletting and devastation against Palestinians.

The regime’s bloody onslaught on Gaza has so far killed at least 46,565 Palestinians, mostly women and children, and injured more than 109,660 others. Thousands more are also missing and presumed dead under rubble.

However, the UK’s Lancet medical journal estimates the actual number of deaths in the war is much higher than the official toll.

According to the study, figures reported by the Palestinian health ministry likely undercounted the death toll by 41 percent in the first nine months of the war as the Gaza Strip’s healthcare infrastructure unraveled.

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News Network
January 1,2025

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The bustling coastal city of Mangaluru ushered in 2025 with a blend of joy, prayers, and festivities, leaving behind a memorable farewell to 2024. The celebrations were a harmonious mix of cultural, recreational, and spiritual activities, reflecting the city’s rich diversity and warmth.

From the early hours of the evening, families and friends thronged popular eateries, beaches, malls, and public spaces, immersing themselves in the festive atmosphere. Restaurants and pubs across the city hosted live performances and curated special events to amplify the New Year cheer. Music, dance, and spectacular fireworks lit up the night sky, creating an electrifying ambiance as Mangaluru welcomed 2025 with open arms.

Ensuring safety and order, Mangaluru city police intensified security measures throughout the city. With 103 picket points and 19 barricade locations in place, the police maintained strict vigilance, monitoring vehicle movements and preventing any untoward incidents. The celebrations were largely peaceful, thanks to the robust security arrangements.

Beaches like Tannirbhavi and Panambur were hotspots of activity, attracting large crowds eager to witness the last sunset of 2024. Beachside resorts reported full occupancy, with many organizing exclusive parties and recreational activities. Meanwhile, religious destinations in the Dakshina Kannada district saw a significant influx of devotees. Sri Kshetra Dharmasthala and other prominent temples, including Kukke Sri Subrahmanya and Kateel Sri Durgaparameshwari, witnessed a steady stream of visitors offering prayers and seeking blessings for the New Year.

At Kudroli Sri Gokarnanatha Temple, special rituals are scheduled to begin at 5:30 am on Wednesday, culminating in a grand rathotsava at 6:00 am, according to Padmaraj R. Poojary, treasurer of the temple management committee.

In a heartwarming gesture, several organizations and NGOs extended their celebrations to orphanages and old age homes, organizing events to spread joy among the less fortunate.

As the city steps into 2025, Mangaluru’s vibrant celebrations, coupled with its commitment to safety and inclusivity, set the tone for a promising year ahead.
 

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News Network
January 13,2025

Udupi: A resident of Karkala in Udupi district has accused five individuals of defrauding him of nearly Rs 2 crore under the guise of business partnerships.

Dawood Hakim, a resident of Ennehole in Marne village, Karkala, has filed a complaint stating that he operated a mobile sales and service business on Karkala Market Road for 15 years. He had known the accused for over two decades and trusted them implicitly.

According to Dawood, the accused convinced him to invest in multiple business ventures, including land dealings and a travel business, promising substantial returns and partnership benefits. Believing their assurances, Dawood reportedly handed over cash, gold, and a vehicle.

However, the promised profits never materialized, and the accused allegedly failed to return the money or assets. Dawood claims this deception has caused severe financial distress to him and his family, amounting to a loss of around Rs 2 crore.

A case has been registered at the CEN police station, and investigations are underway.

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