Senior IAS Official BM Vijay Shankar,Hangs Himself

Senior IAS official BM Vijay Shankar, prime denounced in IMA Ponzi trick, hangs himself at Bengaluru residence. Senior IAS official from Karnataka, whom the CBI needed to arraign in the Rs 4,000-crore IMA Ponzi trick, died by committing suicide at his home in Bengaluru on Tuesday evening. As per reports, he was discovered hanging at his residence in South Bengaluru.

BM Vijay Shankar was one of the prime denounced in the money related misrepresentation case including I Fiscal Warning Pvt Ltd (IMA), which alongside related firms had attracted clueless financial specialists by offering more significant yields.

Vijay Shankar was captured by Special Investigating Team (SIT), shaped during the HD Kumaraswamy-drove alliance government, keep going July on charges of taking hush-money of Rs 1.5 crore from IMA’s Mansoor Khan. He was later discharged on bail.

As indicated by sources, the 59-year-old IAS official was battling sorrow subsequent to being imprisoned. After the suicide was accounted for, the police raced to Vijay Shankar’s home to lead an investigation. The police affirmed Vijay Shankar was discovered dead at his home at Jayanagar.

The Ponzi conspire conned a huge number of financial specialists, for the most part from the Muslim people group, in Karnataka, Kerala, and Tamil Nadu. It guaranteed speculators ‘halal-consistent’ ventures – which are as per Shariah as it didn’t utilize the kept cash for giving out advances or for any business identified with alcohol, diversion or other ‘haram’ rehearses.

A Karnataka administrative service(KAS) official prior, Vijay Shankar was elevated to the IAS. He was deputy Magistrate of the Bengaluru Urban region when the trick broke. The BJP government in the state had given over the test to the CBI in January this year.

The central bureau of investigation as of late looked for the state government’s consent to arraign Vijay Shankar and two others regarding the case subsequent to examining them. The organization has likewise looked for the express government’s authorization to arraign two senior IPS officials regarding the case.

A CBI test had demonstrated that IMA bunch substances headed by Khan had raised unlawful and unapproved stores in a supposed untrustworthy and false way from honest financial specialists to the tune of over Rs 4,000 crore, causing a commotion of the personal expense office and the Hold Bank of India (RBI). The national bank had kept in touch with the state government to test the working of the IMA. In this manner, the administration asked Vijay Shankar to present a report.

Vijay Shankar allocated the assignment of setting up the report to the associate chief of the Bengaluru area LC Nagaraj. It is affirmed that Vijay Shankar and Nagaraj took Rs 1.5 crore through a town bookkeeper Manjunath to quiet Khan’s supposed bad behaviors.

The case became known when Khan fled to Dubai deserting a video message saying he was slaughtering himself in light of “debasement in the state and local governments”. Khan was captured on July 19 a year ago on his appearance in New Delhi. Alongside him, seven chiefs of the IMA, a corporation, and a couple of others were captured by the SIT.