A Special Investigation Team (SIT) headed by DIG BR Ravikanthe Gowda was formed to investigate the IMA Jewels case.
"Chief Minister Kumaraswamy has decided that an SIT will be set up to investigate the case. The composition of the SIT will be decided in a meeting with the chief minister and DIG," Karnataka Home Minister MB Patil had said on Tuesday.
Over 4000 investors had gathered to protest outside the IMA Jewels showroom in Shivaji Nagar on Tuesday after they received an audio recording purportedly recorded by IMA managing director Mohammed Mansoor Khan.
In the audio clip, khan was recorded saying he was going to end his life due to the financial setbacks his company was facing. The man in the audio clip can also be heard saying he was "tired of bribing corrupt politicians and bureaucrats'.
Karnataka Home Minister had held a meeting with senior police officials in the state on Tuesday to deliberate the future course of action in the case.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
