Gold bullion trading was among the money-generating sectors in which Bangalore-based I Monetary Advisory was involved, with others including diamond jewellery, real estate and health care. Photo: EPA

Gold, jewels, ‘Islamic’ finance: how India’s I Monetary Advisory built a US$365 million Ponzi scheme

  • Some 50,000 investors have lodged complaints against the Bangalore-based I Monetary Advisory and its founder Mohammed Mansoor Khan
  • India’s refusal to pass laws regulating Islamic finance means there is an unmet demand ripe for exploitation by unscrupulous actors
Topic |   India

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Gold bullion trading was among the money-generating sectors in which Bangalore-based I Monetary Advisory was involved, with others including diamond jewellery, real estate and health care. Photo: EPA
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