Mohammed Mansoor Khan, the owner of IMA jewels, has been arrested in New Delhi and is being questioned by the Enforcement Directorate, said a special investigation team here which is probing the alleged ponzi scam.

An 11-member SIT headed by DIG B R Ravikanthe Gowda was formed by the Karnataka government to probe the alleged fraud by the firm. Both the ED and SIT had issued lookout notice against him. 

Khan, the owner and founder of I Monetary Advisory (IMA), travelled from Dubai to New Delhi after a Special Investigation Team (SIT) located and persuaded him to come to India and submit before the law, SIT chief Gowda said.

Khan was arrested after he landed in Delhi on an Air India flight.