Connect with us

International

Former Karnataka Minister Roshan Baig was IMA Group promoter, says SIT- The New Indian Express

Avatar

Published

on


Express News Service

BENGALURU: A letter from the Office of the Special Officer and Competent Authority investigating IMA fraud to the Secretary-General, Revenue Department, calls for an inquiry into the role of former Congress leader Roshan Baig as promoter of the tainted IMA Group and his business activities .

The letter, dated November 19, states that SIT had filed a report that a property belonging to Mulberry Greens Supermarket, an IMA Group unit, had been confiscated in Ganesha Towers, Pedestrian Road, and IMA had executed a lease in that building. with Danish Publications, which is owned by Baig.

The letter stated that although technically, the lease had expired, as for mutual understanding with Baig, IMA continued to use the premises. Baig had claimed that legally, he had no lease agreement, and when he issued a notice, he had responded by saying he had sold it in 2017, along with the office furniture.

He had also claimed that although he had asked IMA Managing Director Mansoor Khan to enter into a separate lease with the building owner, Khan had failed to do so. The SIT claimed that Baig’s allegations were inadmissible because the facts showed that the premises of the building were used by Mulberry Greens and sub-leasing was not allowed.

The Danish Publications Office was frequented by Baig to meet the public as the sitting MLA. IMA chief Khan used the same premises as an office, the report said. The routine use of premises by the sitting MLA and IMA Group MD gave credibility to its business operations in the eyes of the public and increased their confidence in depositing hard-earned money to the company.

Baig had played a key role in promoting the IMA Group and its business activities, investigators said.
The letter stated that under the Karnataka Act for the Protection of Depositors’ Interests, 2004, the government could pool the properties of the institution’s promoters and managers to repay depositors.

The CBI has established the role of Roshan Baig as a promotional beneficiary of the IMA Group, with business transactions. The government may wish to request a report from the CBI, along with a list of personal property belonging to Baig, before taking the necessary action, the letter said.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]