Ajmera ponzi scam: Rs 5.5 crore cash seized

Bengaluru: The Central Crime Branch (CCB) sleuths probing into the multi-crore Ajmera group fraud case, have seized Rs 5.2 crore in cash from various bank accounts, along with documents of immovable properties that runs into several crores. According to sleuths, as many as 950 investors had submitted their proof of investments so far with the CCB and the  estimated amount of investment made since 2017 runs up to Rs 26 crore, CCB sources said. Apart from the cash seizure, the CCB sleuths have recovered property documents of 3.2 acres of a residential layout built by the accused in Mysuru worth Rs 20 crore. CCB sleuths have also recovered documents of 1.18 acres of land, worth Rs 6 crore, and a residential plot in Jayanagar worth Rs 2 crore. The sleuths have so far arrested Tabrez Pasha, one of the founders of the firm, along with his associates Tabrez-Ullah Shariff, while efforts are on to arrest the prime accused Dastagir Shariff and other accused who are on the run. The seized property documents and the cash 
is in the custody of CCB for further investigation. The CCB has also requested those who have been duped by the Ajmera group, but not approached them so far, to soon bring to their notice about investments made by them along with proof.