CBI RAIDS 15 LOCATIONS IN IMA SCANDAL

The CBI on Friday conducted searches at 15 locations in Karnataka and Uttar Pradesh, including at the premises of some senior officers of Karnataka Police, in connection with the IMonetary Advisory ponzi scam. According to sources multi disciplinary teams of the agency carried out searches at 11 places in Bengaluru and one each in Mandya, Ramanagara, Belgaum and one place in Meerut, Uttar Pradesh. The team comprised of chartered accountants, forensic auditors, computer forensic experts, bankers and officials from various other regulatory departments, they added. The searches were conducted at residences of then inspector general Economic Offences Wing Crime Investigation Department Hemant Nimbalkar, deputy superintendents of police CID EB Sridhara, then deputy commissioner of police East Bengaluru Ajay Hilory, inspector and station house officer Commercial Street Police Station M. Ramesh.