Enforcement Directorate (ED) officials are conducting searches on properties linked to Karnataka Congress MLA Zameer Ahmed Khan in Bengaluru, official sources said on Thursday.
The simultaneous search at the houses and offices belonging to the Chamarajpet legislator at about six locations, began at 6 AM, they said.
Security personnel were seen at Khan's new bungalow near Cantonment Railway station here where ED officials are conducting searches.
ED conducts searches at K'taka Congress MLA Zameer Khan's properties.
Other properties include his flats and businesses including the National Travels offices in the city, sources added.
A four-time MLA, Khan was earlier with the JD(S) and is now with the Congress party.
The officials are verifying property documents, business transactions at National Travels and other commercial activities.
Khan is known to have sold one of his properties on Serpentine Road of Richmond Town, spread over 14,924 sq ft for Rs 9.38 crore to IMA founder Mohammed Mansoor Khan and this transaction was declared in his 2018 poll affidavit.
Though he had consistently denied any other links to the IMA and its founder since the controversy broke out and he was questioned by the Special Investigation Team (SIT) of Karnataka, the CBI and the ED in connection with the case.
Bengaluru headquartered I Monetary Advisory (IMA), an investment company founded by Mohammed Mansoor Khan, who is the main accused in the ponzy scam under the umbrella of the IMA Group, had diversified into other businesses including jewellery (with the name IMA Jewels a.k.a IMA Jewellers), real estate (IMA Builders and Developers founded in 2017), bullion trading (IMA Bullion and Trading in 2014, IMA Bullion in 2015 and IMA Gold), groceries (Mulberry Greens), pharmacy (Frontline Pharma), hospitals (Frontline Multispeciality Hospital), and allegedly duped over 45,000 people across Karnataka.
In his video message posted prior to being arrested by the ED officials in New Delhi in July 2019, he had specifically named Khan and Baig's name alleging that they were in connivance with him to commit a scam of such magnitude.
Prior to this high profile arrest, over 25,000 complaints were filed against the company and its founder, demanding that their money be returned.
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