<p class="title">More than 60 persons, including contractors and industrialists, from Hassan city, Belur and Holenarsipur have invested more than Rs 8 crore in I Monetary Advisory (IMA) Jewels in Shivajinagar, Bengaluru.</p>.<p class="bodytext">Most of the investors are from the middle-income group and have invested lakhs of rupees in the company that had promised them a higher rate of interest. The investment ranges from Rs 1 lakh to Rs 30 lakh.</p>.<p class="bodytext">The IMA company had purchased 30 guntas of land at a cost of Rs 5 crore near Tanneruhalla, opposite Lalitha Manjunath Kalyana Mantap in Hassan city, two years ago. The company had installed its board and had also planned to build apartments on the site.</p>.<p class="bodytext">Parvez, a resident of KHB Colony, said he had invested Rs 30 lakh four years ago. "I have not received any dividend in the last two months. I don’t know what to do. I will lodge a complaint with the Bengaluru police on Wednesday,” he said.</p>.<p class="bodytext">Prakash, another investor, said he had invested Rs 2 lakh trusting the company and was receiving 3% interest every month. He hoped of getting the money back as the police have registered a complaint against the company.</p>
<p class="title">More than 60 persons, including contractors and industrialists, from Hassan city, Belur and Holenarsipur have invested more than Rs 8 crore in I Monetary Advisory (IMA) Jewels in Shivajinagar, Bengaluru.</p>.<p class="bodytext">Most of the investors are from the middle-income group and have invested lakhs of rupees in the company that had promised them a higher rate of interest. The investment ranges from Rs 1 lakh to Rs 30 lakh.</p>.<p class="bodytext">The IMA company had purchased 30 guntas of land at a cost of Rs 5 crore near Tanneruhalla, opposite Lalitha Manjunath Kalyana Mantap in Hassan city, two years ago. The company had installed its board and had also planned to build apartments on the site.</p>.<p class="bodytext">Parvez, a resident of KHB Colony, said he had invested Rs 30 lakh four years ago. "I have not received any dividend in the last two months. I don’t know what to do. I will lodge a complaint with the Bengaluru police on Wednesday,” he said.</p>.<p class="bodytext">Prakash, another investor, said he had invested Rs 2 lakh trusting the company and was receiving 3% interest every month. He hoped of getting the money back as the police have registered a complaint against the company.</p>
