IMA scam: Roshan Baig, Former Karnataka minister gets bail

LI NETWORK

Former Karnataka minister Roshan Baig today gets bail Bengaluru Court in connection with the Rs 4,000 crore I Monetary Advisory (IMA) scam.

 CBI conducted series of raids and arrested former minister on November 22 from his residence.

Special Court directed Roshan Baig to surrender his passport and ask him to appear before CBI officials to cooperate in the investigation.

Roshan Baig named in this scam nearly 18 months ago for alleged involvement in the scam. Baig allegedly have received several crores in kickbacks.

More than 40,000 investors, mostly from the Muslim community, were duped of their savings by arrested businessman Mohammed Mansoor Khan, who owns the IMA Group.