BENGALURU: Continuing its raids on I Monetary Advisory (IMA) Group, special investigation team (SIT) sleuths seized gold and silver ornaments worth Rs 83.2 lakh from the Ponzi scandal-hit firm’s entities on Tuesday. SIT officials said they recovered 2.3kg of gold and 26.5kg of silver ornaments from the IMA Gold showroom in Tilaknagar and another one in Yeshwantpur. On Monday, the SIT team raided IMA Gold showroom in Shivajinagar and seized 41kg of gold worth Rs 11.3 crore, besides 71kg of silver bullion worth Rs 8.3 lakh and Rs 5.6 lakh cash. The total property seized from IMA Gold in Shivajinagar was worth around Rs 11.7 crore. Sleuths also recovered a .32mm revolver with 58 live bullets. Police sealed Rayyan perfume store, another IMA establishment located at Coles Park. The store is known to sell costly imported perfumes, some of which are priced at Rs 5,000 for a 100ml bottle. The store also sells apparel, artificial jewellery, accessories for men, women and children, designer brands, flavoured cosmetics, handmade soaps and natural herbal oils. 50kg gold converted to cash? Police suspect IMA founder-owner Mohammed Mansoor Khan sold at least 50kg of gold before fleeing the country on June 8. According to police sources, Khan appeared before Alok Kumar, then additional commissioner of police (crime), on June 6 for questioning which went on for four hours. The previous day, it was Eid and IMA Gold showrooms across the city were shut and directors stayed away from work. It is suspected that Khan could have sold the gold then through hawala channels as he readied to flee India. We know where Khan is: SIT chief After Khan’s video surfaced on Sunday, kicking up a fresh row, SIT chief DIG Ravikanthe Gowda said they are aware of his whereabouts. “We know where he is and from where the video was uploaded. But we can’t reveal now as investigation is still on. The process to arrest him has began.”