agencies / BENGALURU
The Enforcement Directorate has filed a case of money laundering in an alleged ponzi scheme in Karnataka, involving the IMA Jewels.
The agency’s zonal office in Bangalore has filed the case and has pressed criminal charges under the Prevention of Money Laundering Act.
An official said, the ED has taken cognizance of the complaint registered by the Karnataka police and the subsequent creation of a special investigation team to probe the alleged fraud.
It said, the agency is now gathering documents in the case and will soon summon few people.
As many as 26 thousand complaints have been filed by the investors with the police against the IMA jewels’ store.