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IMA Jewellery scam: More than 3,000 complaints by teary-eyed investors

IMA Jewellery scam: More than 3,000 complaints by teary-eyed investors

Posted On : Tuesday, June 11, 2019, 9:31 AM
On Monday, several people gathered outside the IMA jewels office could be seen teary-eyed, as they lost hope of getting their hard earned money back. They came from across the city as well as from neighbouring districts. Most of them were women who work in garment factories and private firms. I Monetary Advisory (IMA) Jewels was launched in 2016 when market sentiment was low and demand for jewellery had dropped. IMA Group of Companies is led by Mohammed Mansoor Khan and its second outlet was launched in Jayanagar in 2018. The firm owns bullion trading facilities, educational academies, healthcare services, and a multispeciality hospital, besides hypermarkets.
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