A Special Investigating Team that was responsible for the investigation of the IMA Group Ponzi Scam seized 303 kilograms of fake gold bars from the swimming pool of Mohammed Mansoor Khan, the owner of the IMA.

Bengaluru: Special Investigation Team seized 303 kg of fake gold biscuits from under a swimming pool at IMA founder Mansoor Khan's residence. A person named Vasim was taken into custody. #Karnataka pic.twitter.com/LuqA3u42bg

— ANI (@ANI) August 7, 2019

The gold was found under a swimming pool that is located on the 6th floor of a building in Bengaluru.

During the official press release, the SIT said that Mohammed Mansoor Khan used the fake gold to force investors to invest money in his company.

The SIT added that before Mansoor Khan went to Dubai, he hid the 303 kilograms of fake god under the swimming pool.

The SIT seized 5880 fake gold bars that weighed over 303 kilograms.

Mohammed Mansoor Khan is the owner of the IMA Jewels, he was arrested by the Enforcement Directorate in New Delhi last month.

Mansoor Khan was arrested after he landed in Delhi last month.

The Enforcement Directorate attached assets that are worth Rs. 209 crores, which includes 20 immovable properties, and bank deposits.

The Enforcement Directorate filed a money laundering case against the company of Mohammed Mansoor Khan after it was reported that the companies have scammed investors.

It is reported that 40,000 investors invested in the Ponzi scheme of Mansoor Khan.

During the press release, it was said that the Special Investigating Team has arrested more than 25 people in the Ponzi Scam.

12 directors of the IMA, a corporate, the husband of the corporate, the former Deputy Commissioner of Bengaluru Urban District, and the Assistant Commissioner of Bengaluru North Sub-Division.

It is reported that Congress MLA BZ Zameer Ahmed Khan is connected in the scam case.

The Special Investigating Team tried to question Congress MLA R Roshan Baig, but he did not appear for the questioning.