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IMA Jewels scam: I have nothing to do with it, says Congress MLA Roshan Baig

Karnataka Congress MLA Roshan Baig has denied having anything to do with the IMA Jewels scam that has caused panic among thousands sin Bengaluru. IMA Jewels founder and managing director Mohammed Mansoor Khan had allegedly said in an audio clip to the police that he was unable to pay investors back because Baig had refused to return Rs 400 crore that he had allegedly taken from him.

Khan’s audio clip, which has been doing the rounds on social media, allegedly features him hinting he was going to commit suicide. He appealed to the police to use his existing assets to pay back his investors. He also appealed for the Rs 400 crore to be recovered from Baig and be used for repayments. Khan alleged that Baig had taken Rs 400 crore from him ahead of the elections, and had refused to return it when he did not get a ticket from his party.

Baig, the MLA from Bengaluru Central’s Shivajinagar constituency, refuted these allegations in a tweet. “I categorically state that I’m neither a stakeholder/partner of this company in any way or form. My association with IMA Group is as a legislator and strictly on the basis of social work that was carried out in my assembly constituency of particularly the V.K Obaidullah School in Shivajinagar which accommodates several thousand students from my constituency. There are several contractors and private companies who participate in developmental works of my constituency and not in any way am I a part of any of those companies,” read the statement.