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ima: Ima Scam: Many Fear Kingpin’s Hc Move May Delay Payments | Bengaluru News

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BENGALURU: Multi-crore IMA scam mastermind Mohammed Mansoor Khan’s decision to move the high court against the attachment and auctioning of his assets has come as a shocker to thousands who were hopeful of getting their deposits back.
Coming at a time when nearly 6,800 of 69,000 depositors have got some money back following the intervention of special officer and competent authority (IMA and other KPID cases) Harsh Gupta, Khan’s move is likely to delay disbursements, say depositors. A special court recently ordered auction of all attached properties owned by the accused and distribution of the auction’s proceeds to the depositors. But Khan filed objections over the auctioning of his south Bengaluru property, which he claimed is unrelated to the case and is his personal asset.

A group of victims of the financial fraud told TOI they are tired of waiting for their deposits. They said they would plead with Khan to withdraw his…

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