<p>In what may come as a relief to about one lakh people who lost money in various Ponzi scams, the state government is planning to receive their claim documents online. </p>.<p>State Public Prosecutor M Narayana Reddy announced this at a conference that discussed ways to deliver justice to the victims of IMA, Ambidant, Injaz, Ajmera, Aala and other Ponzi schemes on Saturday. </p>.<p>“In cases of investment schemes, the state government issues a notification, seeking the documents of the investment. Victims have to submit the documents within a week. There are cases where the victims have been waiting for decades to get their money back,” he said. </p>.<p>The online procedure is an easier alternative to the physical process of collecting and verifying the claim documents, he added. </p>.<p>Ravi Krishna Reddy, of the Lanchamukta Karnataka Nirmana Vedike, said IMA and other companies had lured Muslims by using their community leaders.</p>.<p>“People’s representatives and police officers took bribes to facilitate the swindling of innocent victims,” he said, and referred to unconfirmed reports that a police deputy commissioner took Rs 13 crore and 25 kg of gold from Mohammed Mansoor Khan, the founder of IMA. </p>.<p>Reddy asked for punishing such people along with the main culprits. </p>.<p>The conference was attended by about 500 people — almost all of whom had lost money in the Ponzi scams — from across Karnataka. Speakers at the conference dwelt on the legal options and frameworks used by government authorities to help the victims get their money back.</p>.<p>There were also elaborate discussions on the merits and demerits of various laws related to investment schemes. </p>
<p>In what may come as a relief to about one lakh people who lost money in various Ponzi scams, the state government is planning to receive their claim documents online. </p>.<p>State Public Prosecutor M Narayana Reddy announced this at a conference that discussed ways to deliver justice to the victims of IMA, Ambidant, Injaz, Ajmera, Aala and other Ponzi schemes on Saturday. </p>.<p>“In cases of investment schemes, the state government issues a notification, seeking the documents of the investment. Victims have to submit the documents within a week. There are cases where the victims have been waiting for decades to get their money back,” he said. </p>.<p>The online procedure is an easier alternative to the physical process of collecting and verifying the claim documents, he added. </p>.<p>Ravi Krishna Reddy, of the Lanchamukta Karnataka Nirmana Vedike, said IMA and other companies had lured Muslims by using their community leaders.</p>.<p>“People’s representatives and police officers took bribes to facilitate the swindling of innocent victims,” he said, and referred to unconfirmed reports that a police deputy commissioner took Rs 13 crore and 25 kg of gold from Mohammed Mansoor Khan, the founder of IMA. </p>.<p>Reddy asked for punishing such people along with the main culprits. </p>.<p>The conference was attended by about 500 people — almost all of whom had lost money in the Ponzi scams — from across Karnataka. Speakers at the conference dwelt on the legal options and frameworks used by government authorities to help the victims get their money back.</p>.<p>There were also elaborate discussions on the merits and demerits of various laws related to investment schemes. </p>
