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IMA building auctioned at ₹28.15 crore to Meghalaya govt
The New Indian Express Shivamogga
|November 28, 2025
IMA Jewels, the head office of I Monetary Advisory (IMA), which ran a multi-crore ponzi scheme and allegedly cheated thousands of investors in the name of 'halal' investment, is now the property of the Meghalaya government.
The Competent Authority (IMA), which is entrusted the responsibility of returning people's investments and has the powers to seize and attach the properties of promoters of such firms to facilitate liquidation, had attached the prime property (IMA Jewels) on Lady Curzon Road in Shivaji
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