Tag Archives: IMA scam

The Central Bureau of Investigation (CBI) on Monday raided the Bengaluru residence of former Congress Minister Roshan Baig, who was arrested by the federal agency in connection with a 2.5 billion rupee ponzi scheme on Sunday. A team of 12 CBI officials have been searching the Baig facility in Coles …

Former Karnataka Congress Minister and seven-time board member Roshan Baig was arrested in the IMA scam by the Central Bureau of Investigation (CBI) on Sunday after a 10-hour marathon barbecue. The IMA scam concerns I Monetary Advisors, an investment company that is allegedly run in compliance with Islamic banking rules. …