ED identifies assets of drug lord Iqbal Mirchi

 thehindu.com  10/12/2019 17:39:56 

The Enforcement Directorate has zeroed in on several domestic and overseas assets allegedly linked to international drug dealer Iqbal Mirchi, including 25 properties in the U.K. and one in the United Arab Emirates (UAE).

The UAE property is in the name of Abdul Salem and was bought for 93 million dirham in 2010. The funds were arranged through the sale of three Mumbai buildings. Its present value is about 180 crore, according to the ED.

The Mirchi family has owned 25 properties in the U.K., as alleged. Hajra Memon is the owner of 16 properties in London through two companies based in the British Virgin Islands, said an official.

Six other properties are held by four U.K.-based entities. The UAE-based Mihaj Investments Corporation Limited holds three properties in London. About 10 properties, worth more than 500 crore, are located in Mumbai. Two of them were sold, the official said.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

« Go back