CBI arrests ex-Karnataka Minister Roshan Baig in IMA ponzi scam:

Pramesh S Jain

Former Karnataka MLA and cabinet minister Roshan Baig arrested by the Central Bureau of Investigation on Sunday,in the IMA Ponzi scam.

With this, Baig becomes the first politician to be arrested in the 4,000 crore Ponzi chit fund scam.CBI produced Baig before a special court in Bengaluru and sent him to judicial custody.

On Sunday,a team of CBI officials went to Baig’s residence to secure his custody for questioning at around 11 am and took him to CBI office in Ganganagar Bengaluru.

After several hours of questioning and recording the statement,CBI officials arrested him .

Baig,a disqualified MLA of the Congress,was summoned to the CBI office on Sunday morning and based on material evidence,he has been arrested,The former Shivaji Nagar MLA was produced before a court which remanded him to judicial custody, the sources added.

Sources said R Roshan Baig and Mansoor Ali Khan was questioned face to face at CBI office .

It is alleged that R Roshan Baig took money from Mansoor Ali Khan for the development of VK Obedullah government school in Shivajinagar.

Earlier in July last year,the SIT team detained him at the airport for questioning,while he was boarding charted flight at the airport.

He was questioned by SIT for several hours at CID headquarters before he was released.

With his arrest Baig’s role in the scam which was so far under the scanner,has been confirmed.

Ironically baig in June last year refuted kingpin of the scan mansoor ali khan’s allegation that he had taken Rs 400 crore from him.

Baig said that he is ready to co-operate with the SIT investigation and also demanded CBI probe to get his name cleared .

The kingpin Mansoor Ali Khan who escaped to Dubai releases a video on social media accusing Baig of taking money to the tune of rs 400 crore.

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.