Claims submission process is closed on 3rd January 2021.
However, Applicants can perform any pending additional authentication.

Progress so far


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IMA and its Group Entities are invovled in ponzi scheme scam to the tune of Rupees 2,900 crore approximately and affecting about 75,000 Depositors. The Depositors are located at various places within and outside the Country, but mostly in Karnataka.

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Government of Karnataka has attached movable and immovable properties belonging to the IMA Group and other related persons to the tune of Rupees 475 crore approximately till date.

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The Competent Authority appointed by the Government of Karnataka under relevant Act has filed applications for confirmation of these attachments in the Special Court at Bengaluru, which are at various stages of Hearing.

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Competent Authority has in the meanwhile taken steps for disposal of certain perishable/depreciable movable properties through public auction with the permission of the Special Court

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Competent Authority has completed the process of calling claims from the victims of the scam. A total of 66,383 depositors of IMA have filed claims for a principle deposit amount of Rs.2,695 crores.

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The Competent Authority do not have provision to accept claims anymore. Any left out depositors will have to approach the Special Court for seeking permission to file claim.

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The individual Claims would be verified and submitted for approval of the Special Court. Thereafter, the claims will be settled once the interim attachments of the properties of IMA Group have been confirmed by the Special Court and the Money has been realised through auction of those confirmed attachments. The claimants can check the status of their claims at website.

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The Claims will be settled among the Claimants as per the approval of the Special Court.