IMA scam: Houses of 7 directors raided, documents seized

Sunday, 16 Jun, 3.56 am

Bengaluru: Sleuths of the Special Investigation Team (SIT) probing the multi-crore IMA investment scam conducted raids on the houses of seven board of directors of IMA group on Saturday.

The SIT sleuths, who are interrogating the directors who had surrendered on Tuesday, raided their houses on Saturday morning to check for documents related to the investigation.

The directors, who were said to be working with IMA for years, told their interrogators that they knew nothing about the scam and in fact they are the victims as they too have invested money in the company.