Karnataka CM sets up SIT to probe IMA Jewels scandal
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Karnataka CM sets up SIT to probe IMA Jewels scandal

By Live Mint calender  12-Jun-2019

Karnataka CM sets up SIT to probe IMA Jewels scandal

Karnataka chief minister H.D. Kumaraswamy on Tuesday handed over the IMA Jewels scandal probe to a special investigation team (SIT), two days after news broke that thousands of people had fallen victim to a scam in the country’s information technology capital.
“Considering the seriousness of the #IMAJewels fraud, the inquiry has been handed over to a special investigation team and instructions regarding this have been given to the DGP," Kumaraswamy said on the official Twitter handle of the chief minister.
In Shivaji Nagar, tens of hundreds of victims poured into a small convention hall—where the police have set up special kiosks—to register their complaints against IMA Jewels, part of IMA group of companies, whose senior management has been absconding for a few days now.
Sixty-one year old Abdul Rawoof, a vegetable dealer, said that he had invested a total of ₹5 lakh and was getting his returns till about two months ago. “They used to give us 3% consistently and then it fell to 1.1% in March and then it stopped," Rawoof said, holding all certificates issued by the company.

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