IMA ponzi scam: Karnataka minister appears before ED

BENGALURU: Karnataka minister BZ Zameer Ahmed Khan, who was summoned by the Enforcement Directorate in connection with its probe into the IMA group ponzi scam, appeared before the agency on Friday.
The Enforcement Directorate (ED), which has registered a money laundering case in the scam in which thousands of depositors are said to have been duped, had last week summoned Khan, Food and Civil Supplies and Minority Welfare minister, for questioning in the case.
According to agency officials, the minister was summoned in connection with selling his property at Richmond Town to IMA owner Mohammed Mansoor Khan.
Later, coming out from the ED office, the minister said the ED officials inquired with him when he had purchased the property, when he sold it and whether he showed the sale and purchase of property in his declarations.
"I told them I purchased (it) in 2009. I sold it in the sixth month of 2018. They (officials) demanded the sale deed copy, which I gave.
They asked me whether I paid income tax for it, I gave them a copy..," the minister told reporters.
He said he had furnished all the details in his affidavit while contesting election and also gave a copy of the declaration made to the Lokayukta.
"The officers were content with my reply and told me that there was no need for me to visit them again," Khan said.
Meanwhile, the Special Investigation Team, set up by the state government to probe the scam, Friday arrested an assistant commissioner on charges of allegedly receiving a bribe of Rs 4.5 crore to "cover up wrongdoings" of the company.
The SIT, led by deputy inspector general of police B R Ravikanthe Gowda, said in a statement that it arrested two persons, including assistant commissioner L C Nagaraj posted in Bengaluru North sub-division.