Senior IAS officer B.M. Vijay Shankar, who was found dead at his house on Tuesday, was recently implicated in the IMA Ponzi Scheme in July 2019. Mr. Shankar was Deputy Commissioner, Bengaluru (Urban), when the IMA scam broke in June 2019, when IMA founder Mansoor Khan fled the country duping thousands of investors in the name of ‘Islamic banking’. A Special Investigation Team (SIT) of the State police formed to probe the scandal, led by senior officer B.R. It has already been granted permission to prosecute two senior IPS officers from the State in connection with the scam.

Source: The Hindu June 23, 2020 19:41 UTC