ED attaches property worth Rs 700 crore of Dawood Ibrahim's aide Iqbal Mirchi

NEW DELHI: The Enforcement Directorate (ED) connected Monday provisionally attached assets worthy Rs 700.27 crore belonging to precocious gangster Iqbal Mirchi, a adjacent subordinate of India’s astir wanted transgression Dawood Ibrahim, and his family, officials told quality bureau PTI.In March, the Enforcement Directorate moved a peculiar PMLA tribunal nether the Fugitive Economic Offenders Act (FEO) seeking to permanently confiscate 15 assets worthy astir Rs 700 crore belonging to precocious cause smuggler Iqbal Memon, besides known arsenic Iqbal Mirchi, and his household successful Mumbai and Dubai. The plea includes Worli properties, comprising Rabia Mansion, Marium Lodge, and Sea View properties, and astir 15 properties successful Dubai, including Hotel Midwest Apartment successful Bur Dubai and implicit a twelve commercialized and residential units successful the Business Bay and DEC Towers.The ED alleged that the household acted arsenic the beneficial owners of these properties, utilising spot entities successful India and firm holdings successful Dubai to task tainted assets arsenic morganatic wealth. "The fugitive has refused to travel to India and helium has already been declared a Fugitive Economic Offender. The…case has planetary ramifications and arsenic observed by the SC [Supreme Court] economical offences are grave… and request to beryllium viewed seriously… it is prayed that the accused beryllium dealt with strictly…and bid for confiscation of the assets," the ED said successful its plea.

In 2021, the tribunal declared Mirchi's woman Hajra and sons Asif and Junaid fugitive economical offenders nether the FEO Act aft they did not instrumentality to India contempt summons issued successful the wealth laundering case. Under the Act, the tribunal is authorised to bid the confiscation of properties.Tracing the past backmost to 1986, the ED recovered that Mirchi primitively acquired the Worli plots from the Sir Mohammad Yusuf Trust for Rs.

6.5 lakh done a concern firm. To evade authorities attachment, a ‘Caretaker Agreement' was allegedly fabricated successful 1991, allowing the spot to look arsenic the owner, portion Mirchi maintained existent control. Currently, these plots, measuring astir 5,000 sq m, are valued astatine Rs 497 crore.The ED besides pointed to the family's existent property portfolio with the wealth siphoned disconnected to Dubai. This astir costly is Hotel Midwest Apartment successful Bur Dubai, valued astatine AED 9.3 crore (approximately Rs 233 crore). The ownership is divided among the household members. Junaid and Asif each clasp a 40 per cent stake, portion Hajra holds the remaining 20 per cent.