IMA Ponzi scam accused Vijay Shankar commits suicide at his residence - News Summed Up

IMA Ponzi scam accused Vijay Shankar commits suicide at his residence


Former Bangalore Urban Deputy Commissioner (DC) and Indian Administrative Service (IAS) officer Vijay shankar allegedly committed suicide at his residence at Jayanagar in Bengaluru on Tuesday evening. Vijay Shankar was arrested by the Special Investigating Team (SIT) in connection with a multi-crore I-Monetary Advisory Ponzi Scam in 2019 on allegations of taking bribe of Rs 1.5crore from the company. When the case was handed over to the CBI for investigation, they also filed a FIR against Vijay Shankar. He was accused of taking bribe of Rs 1.5 crore in IMA scam," said Bengaluru police commissioner Bhaskar Rao. "The Central Bureau of Investigation (CBI), Bengaluru, registered a case against accused Shankar and two other government officials for accepting "illegal gratification" from the I Monetary Advisory (IMA) in November last year.


Source: dna June 24, 2020 03:45 UTC



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