Former Karnataka Minister Roshan Baig gets bail in IMA Case

Baig was arrested by the CBI on October 22 and is in Parappana Agrahara jail after the special court remanded him in judicial custody. He is alleged to have received several crores in kickbacks when the IMA allegedly cheated a large number of investors, mainly Muslims, after promising them impressive return on their deposits.

Bengaluru: Former Karnataka Minister Roshan Baig was on Saturday granted bail in I Monetary Advisory (IMA) case by a Special CBI Court.

Baig was arrested by the CBI on October 22 and is in Parappana Agrahara jail after the special court remanded him in judicial custody.

He is alleged to have received several crores in kickbacks when the IMA allegedly cheated a large number of investors, mainly Muslims, after promising them impressive return on their deposits.

More than 40,000 investors were duped of their savings by arrested businessman Mohammed Mansoor Khan, who owns the IMA Group.

Mohammed Mansoor Khan was given conditional bail on October 29 on medical grounds.

(With agency inputs)