Former Congress minister Roshan Baig was arrested by CBI on Sunday.(Twitter Photo/@rroshanbaig)
Former Congress minister Roshan Baig was arrested by CBI on Sunday.(Twitter Photo/@rroshanbaig)

CBI raids residence of ex-Congress minister Roshan Baig arrested in IMA scam

A team of 12 CBI officials has been searching Baig’s premises in Coles Park since morning. The seven-time MLA was arrested on Sunday after being quizzed for nearly 10 hour and has been remanded to 14 day-judicial custody.
By HT Correspondent | Edited by Kanishka Sarkar | Hindustan Times, Bengaluru
PUBLISHED ON NOV 23, 2020 01:00 PM IST

The Central Bureau of Investigation (CBI) on Monday raided the Bengaluru residence of former Congress minister Roshan Baig, who was arrested by the federal agency in connection with a Rs 2,500 crore ponzi scheme on Sunday.

A team of 12 CBI officials has been searching Baig’s premises in Coles Park since morning. The seven-time MLA was arrested on Sunday after being quizzed for nearly 10 hour and has been remanded to 14 day-judicial custody. He is currently lodged in Parapanna Agrahara jail.

Karnataka-based I Monetary Advisors (IMA), an investment firm purportedly run in compliance with Islamic banking rules, collapsed in May last year after it could not repay either the deposits or dividends on the deposits it had illegally accepted. IMA co-founder Mohammed Mansoor Khan at the time of his arrest had alleged that Baig had cheated him of Rs 400 crore and forced him to gift expensive cars and jewellery. He had also named some other government officers.

The former minister had then rejected the charge and claimed that except for some donations to Haj facilitation centers, he had not accepted any money. Over 51,500 depositors are said to have lost approximately Rs 2,500 crore collected by IMA and its subsidiaries in the ponzi scheme.

The then coalition government of Congress and JD(S) had formed a special investigation team to probe the matter in September 2019. However, the BJP government which came to power later handed over the case to the CBI. The CBI has arraigned an IAS officer, two IPS officers, a KAS officer and a corporator as accused among others in the case after the state government gave permission for prosecuting them.

Baig was suspended from the Congress party in June 2019 after he criticized the leader of opposition Siddaramaiah as well as then KPCC president Dinesh Gundu Rao. Baig had also attempted to join the BJP. He, however, was not inducted into BS Yediyurappa’s party, unlike 16 other disqualified legislators of Congress and JDS, whose revolt led to the collapse of the HD Kumarasamy led coalition government last year.

(With agency inputs)

SHARE THIS ARTICLE ON
app
Close
Former Karnataka Chief Minister Siddaramaiah.(PTI)
Former Karnataka Chief Minister Siddaramaiah.(PTI)

Former Karnataka CM Siddaramaiah lashes out at Maharashtra CM over border issue

ANI, Bengaluru
PUBLISHED ON JAN 18, 2021 02:17 PM IST
Karnataka and Maharashtra have been at loggerheads for decades over areas along their border in districts like Belagavi, Karwar and Nipani.
Close
Kumaraswamy said, it is "highly condemnable" that even the Chief Minister and Deputy Chief Minister who were present on the occasion chose to ignore dignity and honour of our land and its language.(PTI Photo)
Kumaraswamy said, it is "highly condemnable" that even the Chief Minister and Deputy Chief Minister who were present on the occasion chose to ignore dignity and honour of our land and its language.(PTI Photo)

Kannada has been ignored: Kumaraswamy accuses Shah

PTI, Bengaluru
PUBLISHED ON JAN 17, 2021 04:40 PM IST
Kumaraswamy had earlier too had been very critical of the alleged Hindi imposition and discrimination against the people of other languages, especially from the south.
Close
Shah applauded the healthcare sector for preparing the infrastructure to test and treat affected people in a short period of time at the foundation stone laying ceremony of a campus for the newly-raised battalion of Central Reserve Police Force's (CRPF's) Rapid Action Force (RAF) at Karnataka’s Bhadravathi. (ANI/Twitter)
Shah applauded the healthcare sector for preparing the infrastructure to test and treat affected people in a short period of time at the foundation stone laying ceremony of a campus for the newly-raised battalion of Central Reserve Police Force's (CRPF's) Rapid Action Force (RAF) at Karnataka’s Bhadravathi. (ANI/Twitter)

Made in India vaccines bringing battle against Covid-19 to an end: Amit Shah

By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi
PUBLISHED ON JAN 16, 2021 06:57 PM IST
  • Shah highlighted that India has fought the battle against the pandemic effectively as it has a high recovery rate and less fatality rate compared to other nations.
Close
Phase 2 covers a route length of 74 km with 62 stations. The total cost of the project is Rs30,695 crore.
Phase 2 covers a route length of 74 km with 62 stations. The total cost of the project is Rs30,695 crore.

Phase-2 of Bengaluru metro to be thrown open to public today

Written by Prashasti Singh, New Delhi
PUBLISHED ON JAN 15, 2021 12:11 PM IST
On Thursday, Union minister Hardeep Singh Puri inaugurated the service via video conference from Delhi, while Karnataka chief minister BS Yediyurappa was present on the site with other party leaders.
Close
File photo: Karnataka chief minister BS Yediyurappa. ((ANI Photo))
File photo: Karnataka chief minister BS Yediyurappa. ((ANI Photo))

Karnataka cabinet to get 7-8 new ministers on Wednesday

By Venkatesha Babu
UPDATED ON JAN 12, 2021 10:51 PM IST
  • Governor Vajubhai Vala is expected to administer the oath of office during a simple ceremony at the Raj Bhavan on Wednesday.
Close
(Pic for representation.)
(Pic for representation.)

Bengaluru drug case: Aditya Alva arrested, remanded to 7-day police custody

By Venkatesha Babu, Bengaluru
UPDATED ON JAN 12, 2021 09:58 PM IST
SC adjourns special leave petition seeking bail by another accused in the same case.
Close
HT Image
HT Image

Hectic lobbying for ministerial berths ahead of Karnataka cabinet expansion

By HT Correspondent, Bengaluru
PUBLISHED ON JAN 11, 2021 10:12 PM IST
  • Minister for urban development Byrati Basavarj, who crossed over from Congress to the BJP, expressed confidence that his fellow defectors would also be rewarded with cabinet berths.
Close
Karnataka chief minister BS Yediyurappa. (ANI)
Karnataka chief minister BS Yediyurappa. (ANI)

Karnataka CM meets Shah and Nadda, promises 'sweet news' on cabinet expansion

By Smriti Kak Ramachandran, Venkatesha Babu, Bengaluru
UPDATED ON JAN 11, 2021 12:15 AM IST
  • Yediyurappa, who has made several trips to the capital for ensuring clearance for a cabinet expansion, sounded upbeat about its prospects.
Close
Chief Minister BS Yediyurappa will meet union ministers on Sunday. (ANI Photo)
Chief Minister BS Yediyurappa will meet union ministers on Sunday. (ANI Photo)

Karnataka CM to visit Delhi today to discuss cabinet expansion

ANI
PUBLISHED ON JAN 10, 2021 06:13 AM IST
Karnataka Chief Minister BS Yediyurappa is travelling on Sunday to New Delhi to meet Union Ministers to discuss cabinet expansion.
Close
"It was more of loss than gain for Karnataka Congress due to the formation of coalition govt with JD(S). Had we not formed a coalition govt, we would not have lost our 14 MLAs," he tweeted.(PTI file)
"It was more of loss than gain for Karnataka Congress due to the formation of coalition govt with JD(S). Had we not formed a coalition govt, we would not have lost our 14 MLAs," he tweeted.(PTI file)

Karnataka: Siddaramaiah says coalition with JD(S) led to loss for Congress

By Harshit Sabarwal | ANI
UPDATED ON JAN 09, 2021 03:25 PM IST
In a series of tweets, the former chief minister said that Congress has a stronghold in Karnataka noting that the results of recent Gram Panchayat polls proved it.
Close
Covid-19 vaccination dry run is on at a total of 263 different health facilities across Karnataka on Friday.(Praful Gangurde/Hondustan Times (Representative Image))
Covid-19 vaccination dry run is on at a total of 263 different health facilities across Karnataka on Friday.(Praful Gangurde/Hondustan Times (Representative Image))

Karnataka to receive 13.90 lakh vaccine vials in next couple of days

By Press Trust of India | Posted by Nilavro Ghosh | Bengaluru
UPDATED ON JAN 08, 2021 12:01 PM IST
The first round of the dry run, an exercise for end- to-end testing of Covid-19 vaccination process was held in five districts of Karnataka- Bengaluru (including BBMP), Belagavi, Kalburgi, Mysore and Shivamogga- on December 2 as per the government of India guidelines.
Close
Representational Image.(HT file)
Representational Image.(HT file)

28 nursing college students test positive for Covid in Karnataka’s Kolar

By HT Correspondent | Edited by Smriti Sinha | Hindustan Times, Bengaluru
UPDATED ON JAN 07, 2021 05:02 PM IST
Of those, 27 are from Kerala while one student is from West Bengal; they have been isolated in hostels and are being given medical treatment
Close
BJP MLC R Shankar had on Tuesday met chief minister Yediyurappa and later claimed the expansion would happen in 2 -3 days and that he will be made a minister.(PTI)
BJP MLC R Shankar had on Tuesday met chief minister Yediyurappa and later claimed the expansion would happen in 2 -3 days and that he will be made a minister.(PTI)

Yediyurappa points fingers towards BJP high command on cabinet expansion

By Press Trust of India | Posted by Nilavro Ghosh | Bengaluru
PUBLISHED ON JAN 06, 2021 02:45 PM IST
The statement of the chief minister amid speculations that the cabinet expansion or reshuffle was likely this month, is seen as an indication of the process getting further delayed.
Close
Karnataka CM BS Yediyurappa speaks during the Winter Session at Vidhana Soudha in Bengaluru.(PTI)
Karnataka CM BS Yediyurappa speaks during the Winter Session at Vidhana Soudha in Bengaluru.(PTI)

All 118 BJP MLAs expressed faith in Yediyurappa’s leadership: Karnataka ministers

By Press Trust of India | Posted by Shankhyaneel Sarkar | New Delhi
PUBLISHED ON JAN 05, 2021 10:52 PM IST
Several ministers of Yediyurappa cabinet on Tuesday jointly spoke to the media at the end of the CM’s region wise meetings with party MLAs since Monday.
Close
Karnataka medical education minister Dr K Sudhakar has said around 2,73,211 government sector health workers and 3,57,313 private-sector employees will be given the vaccine for Covid-19 in the first phase. (Image used for representation).(HT PHOTO.)
Karnataka medical education minister Dr K Sudhakar has said around 2,73,211 government sector health workers and 3,57,313 private-sector employees will be given the vaccine for Covid-19 in the first phase. (Image used for representation).(HT PHOTO.)

Karnataka to vaccinate 6.3 lakh healthcare workers in first phase

By Venkatesha Babu | Hindustan Times, Bengaluru
UPDATED ON JAN 05, 2021 09:12 PM IST
The minister said that there are 9807 experienced vaccinators and 28,427 centres have been identified for providing vaccination across the state.
Close
SHARE
Story Saved
OPEN APP