Millennium Post

CBI raids premises of 7 B'lore police officials

CBI raids premises of 7 Blore police officials

New Delhi: The Central Bureau of Investigation on Friday conducted raids at the premises of seven erstwhile Bengaluru City Police officials, of which at least two are senior IPS officers, in connection with the I Monetary Advisory Ponzi scheme, that surfaced earlier this year.

Officials here said that the CBI searched a total of 15 locations in Bengaluru, Mandya, Ramanagara and Belgaum in Karnataka and Meerut in Uttar Pradesh from where several incriminating documents and electronic evidence has been recovered.

According to the agency's probe so far, the expenditure accounts of the IMA Group have shown that these public officials had received large amounts of money on multiple occasions from the directors of the company, in exchange for giving it clean chits several times.

The raids were conducted at the premises of Hemant Nimbalkar (IPS, 1998), then IG Economic Offences, CID; EB Sridhara, then Deputy SP, CID; Ajay Hilori (IPS, 2008), then DCP East, Bengaluru Police; M Ramesh, then Inspector and SHO of Commercial Street Police Station; Gowri Shankar, then sub-inspector, Commercial Street Police Station; LC Nagaraj, then ACP Bengaluru North sub-division and competent authority under the KPID Act; BM Vijay Shankar, then DCP Bengaluru Urban District; and Manjunatha, then Village Accountant, Bengaluru North sub-division.

The Reserve Bank of India had repeatedly flagged the Bengaluru-based company for unauthorised collections and raising deposits at the state-level coordination meetings, following which these officials were appointed to probe the group for irregularities multiple times.

But, the CBI has alleged that these officials failed in their duties in pointing out glaring irregularities committed by the IMA Group and gave it clean chits, in exchange for huge sums of money. Officials here said that this alleged deliberate inaction from these public servants went on for several months. Most of these officials were already under the scanner of the state SIT that was earlier probing the case.

Team MP

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