Former Karnataka minister R Roshan Baig arrested by CBI in IMA Ponzi scam


Former Karnataka minister R Roshan Baig was arrested by the CBI on Sunday in the multi-crore I-Monetary Advisory (IMA) Ponzi scam. Sources in the investigating agency said Baig, a disqualified Congress MLA, was summoned to the CBI office on Sunday morning and arrested on the basis of concrete evidence.

Baig, an MLA from Shivaji Nagar, was produced before a court from where he was remanded to judicial custody. Karnataka-based IMA fraudulently committed crores of rupees by using Islamic methods of investment to lure millions of people into giving them high returns.