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.
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