Insta
‘Islamic Banker’ Of Bengaluru Mohammad Mansoor Khan Flees To Dubai After Duping Thousands In India
Mohammad Mansoor Khan, self styled Islamic banker (Twitter image)
Mohammad Mansoor Khan, the founder of I Monetary Advisory (IMA), a company that cheated the investors over 1,500 crore, through a ponzi scheme in the name of Islamic banking, flew out of the country last Saturday, reports Times of India.
Documents being circulated on WhatsApp with the insignia of UAE Interior Ministry suggest that Mansoor Khan had fled the country on 8 June.
Mansoor, who is the prime accused in the fraud, escaped before the first complaint was filed against him, said the police sources. The Bengaluru city police issued a lookout notice against him.
Till date, around 23,000 complaints are filed against Mansoor. The first complaint was made by Khalid Ahmed, Mansoor’s close friend and business partner, accusing the latter of cheating him of Rs 4.8 crore.
“Khan was alone when he cleared immigration around 6:40 pm. His flight to Dubai took off at 8:45 pm,” said sources from the Karnataka secretariat. Tensed after the central agencies strongly insisting the state police to take action against him and his firm, Mansoor drove himself to the airport and escaped to Dubai on a business class seat of the Airbus.
According to TOI, Mohammed Mansoor Khan could have fled only with the help of local authorities. It is believed that a senior Karnataka Minister lobbied aggressively for a Rs 600-crore bailout of Mansoor Khan.
Authorities have seized Mansoor’s Jaguar and Range Rover cars from the Shivajinagar residence of Nizamuddin Azeemuddin, one of the seven IMA directors arrested in the case.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
