IMA Ponzi fraud: ACB raids various locations of Karnataka Cong MLA Zameer Ahmed Khan

Several locations belonging to the Congress MLA Zameer Ahmed Khan has been raided in Karnataka. The ED had previously conducted a raid on Khan and former minister R Roshan Baig for being in connection with the IMA Ponzi scheme worth Rs. 4,000 crore.

Bengaluru (Karnataka):The ACB in Karnataka on Tuesday raided five locations of the Congress MLA Zameer Ahmed Khan following a report from the Enforcement Directorate. According to ACB officials, the raids were carried out at his residence near the Cantonment Railway station, a flat in Silver Oak Apartment, a guest house at Sadashivanagar, G K Associates office at Banashankari and the National Travels office in Kalasipalya in the city.

"The ACB teams are verifying the documents and the investigation is on," the ACB official said. Multiple teams of the ACB arrived at five locations of Ahmed Khan, a four-time MLA, who had served as the food and civil supplies minister in the H D Kumaraswamy government for over a year from June 2018.

Last year in August, the Enforcement Directorate raided Khan and another former minister R Roshan Baig, allegedly in connection with the IMA Ponzi scheme worth Rs 4,000 crore in which thousands of people, mostly Muslims, were duped of their hard-earned money. Khan had appeared before the ED several times. (PTI)