Govt. attaches Baig’s assets in IMA scam
The Hindu
Also attaches ₹62.26 crore paid in excess to top depositors
The government on Wednesday told the High Court of Karnataka that it has issued a notification on July 6, 2021, attaching around 20 immovable and movable assets of former Minister R. Roshan Baig situated in various parts of the city in connection with his alleged involvement in the scam of I Monetary Advisory (IMA) group of companies. Also, the government issued another notification under the Karnataka Protection of Interest of Depositors in Financial Establishment Act, 2004, attaching a sum of ₹62.26 crore paid in excess to the 100 top depositors of the IMA group who had received amount in excess of their principal deposit amounts from out of the deposits of the IMA group. The copies of the notifications were submitted before a Division Bench comprising Chief Justice Abhay Shreeniwas Oka and Justice Suraj Govindaraj during the hearing of a batch of PIL petitions related to the scam.More Related News