Daijiworld Media Network - Bengaluru (SP)

Bengaluru, Dec 20: In connection with IMA ponzi scam running into hundreds of crores of rupees, the Central Bureau of Investigation (CBI) officials have sought permission from the government to file charge sheets against senior IPS officers Hemant Nimbalkar, deputy commissioner of police Ajay Hillori and others. CBI has found that these officers had failed to take legal action against the company which collected huge sums of money from the people and cheated them.

In addition to the above, the people against whom action is sought to be taken are the then inspector of Commercial Street police station M Ramesh, sub-inspector P Gaurishankar and Bengaluru (north) sub-divisional officer L C Nagaraj.

IMA had collected over Rs 4,000 crore from about one lac investors and cheated them. The then inspector general of police of economic offences department of CID Hemant Nimbalkar, and deputy superintendent of police E B Sridhar, who did not undertake proper probe into the affairs of the company, had given them a clean chit. On this company, IMA could fleece large amount of depositors, CBI stated. Subdivisional officer L C Nagaraj, had given clean chit to IMA in spite of allegation of swindling money. Commercial Street police inspector Ramesh, sub-inspector Gaurishankar, and his superior Hillori have been accused of overlooking complaints made by social workers, tahisldar, deputy tahsildar and the general public about the dealings of IMA and closing all the complaints without taking action on them. Although Reserve Bank of India and chief secretary had written letters repeatedly to take action against the company urgently, they gave report in favour of the firm and enabled it to continue with illegal activities, CBI has found.