Karnataka HC issues notice to CBI in IMA case

Karnataka High Court (Photo by Prashanth HG)

Following the bail plea by Khaleemulla Jamal, an accused in the multi-crore IMA scam, the Karnataka high court has issued notice to the CBI.

The vacation bench of Justice K N Phaneendra that heard the criminal petition filed by Jamal issued the notice to the CBI, asking objections be filed before October 9. The SIT arrested Jamal, alleging that he purchased property in his wife’s name by diverting money from the IMA firm, which investors had funded. The subordinate court had rejected his bail petition.

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