Seven directors of city based IMA Jewellers, at the centre of an alleged financial fraud that left thousands in the lurch, indicated to police Thursday that they were unaware of the crisis and that the owner had asked them to take long leave for Ramzan.
They said Mohammed Mansoor Khan had convened a meeting with them a few days prior to his disappearance and discussed investments in various locations, police said
Before the unsuspecting employees and its sister companies could return to work, they got news of Khan's 'disappearance' and thousands of panic stricken people rushing to the IMA office at Shivajinagar here, demanding action against the owner and directors.
The directors were apprehended yesterday from different locations in the city.
Meanwhile police said they found a white colour SUV, reportedly belonging to Khan, near a home of one of the directors, which had been parked there for quite some time.
Acting on a complaint from residents, police took custody of ..
