A division bench of Karnataka High Court comprising Chief Justice Abhay Shreeniwas Oka and Justice Mohammad Nawaz issued the direction after the CBI counsel said that the agency is yet to receive authorisation from the Union government as per the law to take over the probe based on the sanction granted by the State government on August 19.
The bench was hearing PIL petitions seeking direction for protecting the interests of people who had invested their money with IMA Group of companies. Observing that the probe by the Central Bureau of Investigation (CBI) into the alleged scam by the IMA Group of companies cannot be delayed for want of notification, the Karnataka High Court on Wednesday directed the Union government issue the necessary notification at the earliest.
The bench directed the State government to seek the court’s permission if authorities, under any exigency, want to transfer IAS office Harsh Gupta, who has been appointed as competent authority under the Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004 for the IMA case.
K’taka HC directs Centre issue necessary notification in CBI taking over IMA case probe
