IMA: Rs 2.5 crore recovered from babu

BENGALURU: The Special Investigation Team (SIT) probing the multi-crore I Monetary Advisory (IMA) investment scam has recovered Rs 2.5 crore from Bengaluru Urban Deputy Commissioner B.M. Vijay Shankar, who was recently arrested.

While interrogating Vijay Shankar for allegedly taking a bribe of Rs 1.5 crore from IMA Group MD Mohammad Mansoor Khan to sign a report in favour of the company, SIT sleuths found that he had given the money to a builder to purchase a flat and a site.

The SIT approached the builder and recovered the money Vijay Shankar had given to him.

During the investigation, the SIT also found that Vijay Shankar had taken a bribe of `1 crore from another person in lieu of doing him some favour, which was also recovered by the SIT.

With Vijay Shankar caught in many corruption charges, the SIT has handed over his case file and the money to the Anti-Corruption Bureau for further investigation.

The SIT has also recovered Rs 1.5 crore, which Mansoor Khan had invested in Adoni group. IMA had entered into an agreement with Adoni group which had got a tender to construct a flyover in Bengaluru.

2 held for fudging documents
The SIT also arrested two people, including a rowdy sheeter, for taking over an apartment owned by IMA by fabricating the documents.

According to SIT, the accused, Muneer alias Gun Muneer (50) and Bigade Babu (45), had fabricated documents for an apartment located on Richmond Road and took over.

Muneer has a rowdy sheet in Basavanagudi and Tilak Nagar police stations.

The SIT also produced Vijay Shankar and Assistant Commissioner of Revenue Department L.C. Nagaraj before a court and got their custody till July 25 for further investigation.

Nearly 50,000 people lost their hard earned money due IMA scam .