IMA Scam: SIT Arrests Engineer For Accepting Bribes From Founder Mansoor Khan

On Monday, the Special Investigations Team (SIT) probing into the multi-Crore I Monetary Advisory (IMA) Scam arrested Kumar Nayak, an engineer in the Bangalore Development Authority (BDA). The SIT arrested him from his flat in Jaynagar and conducted a search and uncovered several incriminating documents.

Allegedly, Kumar accepted a bribe of ₹4 crores from Khan in exchange of some official favours.

Audio Clip Led SIT To Kumar

In a press statement the SIT chief Ravikanthe Gowda said that Kumar’s name appeared in an audio clip sent by Mansoor Khan. “In the audio clip, Khan had said: ‘PD Kumar has taken ₹5 crore from me’. We have seized many documents that establish that Kumar took ₹4 crore from Khan,” Gowda said in his statement.

The documents recovered from Kumar’s house verified the claims made by Khan in the clip. After his arrest, Kumar confessed to accepting the bribe.

“Mansoor Khan was looking for a ₹600 crore bailout. He was harnessing his contacts for a loan. To overcome a financial crisis, he was desperately looking for a loan of a few hundred crores of rupees,” Gowda said.

“Mansoor Khan wanted Nayak’s connections and hence he paid him a bribe of ₹4 crore as Nayak promised to get him the loan of ₹200 crore,” he added.

Reportedly, the SIT team raided Kumar’s house for allegedly amassing assets beyond his known sources of income. Consequently, the team registered a case of disproportionate assets against Kumar.

Two Arrests In Two Days

Previously, on Sunday, the SIT had arrested a Bruhat Bengaluru Mahanagar Palike (BBMP) councillor, Syed Mujahid. Similar to Kumar, the SIT arrested Mujahid from his house and recovered several incriminating documents.

According to reports, due to his involvement in transactions with the IMA, Mujahid was under the SIT scanner. He was a close associate of Mansoor Khan, and was involved in illegal handling of money.

“Mansoor Khan was in touch with Mujahid even after fleeing the country,” a SIT officer told The News Minute.

“Mujahid knew Mansoor Khan was leaving the country. In fact, they met at the airport. Mujahid boarded a flight to Sri Lanka. Mujahid claims that Mansoor Khan doled out ₹400 crore to various politicians and bureaucrats over the years. We are investigating it,” the official added.

Also Read: IMA Scam: MLA Suspended, Mastermind On The Run, Police Requests INTERPOL’s Involvement