1. A series of companies running ponzi schemes, targeting mostly middle class Muslim investors – with hard earned money from small businesses or jobs in the middle east – with promises of huge returns on investments have crashed in Bangalore in the last few years. 2. Firms like Ambidant Marketing, the Ajmera Group, Hira Gold, Injaz International have all come under the scanner of tax, banking and police authorities amid complaints of fraud. 3. As many as 40,000 investors have lost funds to the tune of Rs 1000 crore through investments in the range of one or two lakh rupees to Rs 10 to 25 lakhs and more, preliminary investigations by a Special Investigation Team of the Bengaluru police has revealed. 4. Among other politicians Karnataka chief minister H D Kumaraswamy was also seen in the company of the IMA founder Mansoor Khan at an iftar party in the past.
OPINION : 30/06/2019 : 1842. -------------------------------------------------------------------------------------------------------------------------- *I Monetary Advisory (IMA) Group Founder Mohammed Mansoor Khan Sub : 1. A series of companies running ponzi schemes, targeting mostly middle class Muslim investors – with hard earned money from small businesses or jobs in the middle east – with promises of huge returns on investments have crashed in Bangalore in the last few years. 2. Firms like Ambidant Marketing, the Ajmera Group, Hira Gold, Injaz International have all come under the scanner of tax, banking and police authorities amid complaints of fraud. 3. As many as 40,000 investors have lost funds to the tune of Rs 1000 crore through investments in the range of one or two lakh rupees to Rs 10 to 25 lakhs and more, preliminary investigations by a Special Investigation Team of the Bengaluru police has revealed. 4. Among other politicians Karnataka chief minister H D Ku
