Bengaluru: The Special Investigative Team (SIT) of Karnataka and Enforcement Directorate sleuths today arrested multi-crore I monitory Advisory (IMA) Fraud main accused Mohammed Mansoor Khan in New Delhi during wee hours of Friday when he arrived from Dubai.
A team of SIT officers located IMA Founder and accused Mohammed Mansoor Khan in Dubai recently and persuaded him to return to India and surrender himself before the law.
Accordingly, he traveled from Dubai to New Delhi and landed at 0155 hrs today. SIT officers were in Delhi to secure and arrest the accused.
''As Look Out Circular (LOC) was issued against him by both SIT and ED, he will be handed over according to the procedures and he would be brought to Bengaluru shortly,'' top SIT sources said here.
Mansoor Khan had gone underground and went to Dubai. He had sent videos exposing nexus of some politicians and officials in the scam and had said he was ready to return to India and committed himself to repay all the deposits he had collected from people offering a high rate of interest.
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So far SIT and ED officials had grilled Congress legislators like Roshan Baig and Minister Zameer Khan. Mohammed Monsoon Khan had also named veteran Congress leader Rahman Khan in his video.
Over 40,000 criminal complaints have been filed against him by people who were duped in the multi-crore ponzi scheme scam. He had shut the shutters of his company on Ramzan month and had fled the country.
The SIT officials, after locating him in Dubai, had convinced him to return to India and helped prepare papers for his transit papers.
Mansoor Khan is accused of cheating about 60,000 depositors to the tune of at least Rs 1410 crore. IMA firm had conducted a transaction of over Rs 4000 crore. So far the SIT has confiscated Rs 209 crore worth of liquid and other assets belonging to IMA and Mansoor Khan.