In a relief to IPS officer Ajay Hilori, the High Court of Karnataka has quashed the chargesheet filed by the Central Bureau of Investigation (CBI) against him for allegedly not acting against the promoters of I-Monetary Advisory (IMA), which has allegedly cheated thousands of depositors of around ₹4,000 crore.
Justice M. Nagaprasanna passed the order while allowing a petition filed Mr. Hilori challenging the charge sheet.