The CBI has filed a second chargesheet in the IMA Ponzi case. The chargesheet accessed by Republic names a Maulvi (religious preacher) and a teacher who promoted IMA Ponzi chit fund schemes among their followers and students respectively.
The chargesheet shows gullible depositors were cheated by the very same people they had trusted. The CBI has filed the chargesheet against the two suspects who were earlier arrested by Karnataka SIT in the IMA cases. The chargesheet was filed after probing their role in the IMA case.
The names of the suspects mentioned in the chargesheet are Mohammed Hanif Afsar Azzezi and Khaleem Ulla Jamal. Mohammed Hanif is Maulvi of Shivaji Nagar madrassa. He advocated his followers to invest in IMA chit fund. In return, he invested in a property using IMA fund. This property has been attached by a competent authority under KPID Act (2004). The maulvi was given money by the IMA to promote their scheme among his followers.
The second suspect Khaleem Ulla Jamal is a Urdu teacher in Marool village of Kolar district Karnataka. His job was to propagate the schemes of IMA among his followers. He also kept cash and jewellery of the IMA group entities in a bunker in Marool village .
The CBI has already filed its first charge sheet against alleged mastermind Mansoor Khan and others on September 7, within eight days of taking over the case. The CBI had taken over the investigation in the case on August 30 night on the request of the Karanataka government, routed through the Centre, they said. The company IMA and its subsidiaries had allegedly duped over a lakh investors, mostly Muslims, promising high returns using Islamic ways of investment. "It was alleged that the founder-director (Khan) of group of entities based at Bangalore had illegally collected deposits from the public in the form of investments in various ponzi schemes such as monthly plan, education plan, marriage plan, etc., with a promise of getting high returns," a CBI spokesperson had said after the FIR.