Dawood Ibrahim's bad days begin as UAE probes his properties

India

oi-Vicky

Bengaluru, Aug 30: Authorities at the United Arab Emirates have begun an independent investigation of the properties held by Dawood Ibrahim and his syndicate.

When Prime Minister Narendra Modi accompanied by National Security Advisor, Ajit Doval visited UAE, a list of Dawood's properties were handed over with a request to seize them as well.

The UAE which has commenced investigations into the list of properties would independently verify the details.

The investigations being conducted in the UAE will be a boon for India which has decided to weaken the D syndicate by hitting it financially.

UAE will seize property after probe

The investigations that are being conducted in the UAE are based on the list given by India. Based on what the investigations in UAE reveal, steps would be then taken to seize the properties belonging to the D syndicate.

Indian officials say that the list of properties that were prepared and handed over to the UAE are based on very concrete evidence.

We have no doubt that the list of properties submitted by us have any discrepancy. However as per the procedure, UAE would carry out an independent probe of the matter before any action can be taken, the official also added.

What the dossier on Dawood contained?

The dossier listed several properties and also made a mention about a company known as Golden Box being run in Dubai.

The dossier states that this company is being run by Anis Ibrahim who is the brother of Dawood.

The list of properties also includes hotels. The Enforcement Directorate has narrowed down on the list of properties.

It has listed out 50 prime properties owned by Dawood and his associates across 10 countries. The ED officials are also trying to gather more information on the properties owned by the D Gang in several other nations.

He has investments in Morocco, Spain, United Arab Emirates, Singapore, Thailand, Cyprus, Turkey, India, Pakistan and the United Kingdom.

The worth of these properties as per a preliminary probe indicates is worth over Rs 3,000 crore.

In all the D gang owns 50 properties in ten different countries.

All the properties have been purchased in benami names. So far the most concrete link that has been established between the D gang and the properties is through Iqbal Mirchi.

OneIndia News