In a setback to IPS officer and Karnataka IGP Hemant Nimbalkar, the Supreme Court on Friday stayed a Karnataka High Court order quashing an FIR and chargesheet filed against him by the Central Bureau of Investigation in the Rs 4,000 crore I-Monetary Advisory (IMA) ponzi scam.

According to the reports, the Supreme Court bench of Justices Indira Banerjee and R Subhash Reddy stayed the Karnataka High Court’s order passed on March 19, 2021, that had quashed the sanction provided by the government to prosecute Nimbalkar in the IMA case.

Justice John Micheal Cunha of the Karnataka High Court had stayed the FIR, claiming that they are “illegal and invalid” under Section 17 A of the Prevention of Corruption Act, which bars any enquiry or investigation into offences committed by the public servants while discharging their official duties.

However, the Supreme Court has now stayed the order passed by the Karnataka High Court and also issued a notice to…

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