Indian Enforcement Directorate looks to crack down on Dawood Ibrahim’s UK investments

New Delhi(Indilens Web Team): Dawood Ibrahim has resurfaced and made it to the headlines again. This time, it was because of a statement made by Ram Jethmalani, where he revealed that the underworld don had offered to surrender to India in the 90s.

Since then, there has been a politico-blame game going on. At the same time, the Enforcement Directorate (ED) sent a letter of request to the Ministry of External Affairs seeking information about Ibrahim’s investments in the UK, Turkey and Morocco. The ED had information that Ibrahim had invested in multiple real estate and hotel projects in these countries, with the amount going up to nearly Rs 2,500 crore, with the help of various Indian companies based in UK.

The ED will soon be sending a four member team to investigate this lead. The ED has also sent letters of requests (LR) to the Turkish and Moroccan government to find out more about his investments in the country. It is now known that the these financial investments were aided by Ibrahim’s right hand man Iqbal Mirchi, who died in 2013. The ED will also be assisted by other agencies like the Intelligence Bureau, CBI and the local police.

The ED suspects that a Rs 1,000 crore investment was made in a hotel in Kent, and another one in London which was bought with the help of an Indian company, and a property in Essex. The ED also went through lots of financial documents that revealed that money was being transferred from India via various mediums, including bank transactions, for the purpose of being invested in the UK.

Allegedly, the underworld don also owns properties in Dubai, amounting to much more than his Rs 2,500-crore investment in the UK. The ED will soon be investigating his investments in Dubai too.

Posted by on July 9, 2015. Filed under World. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.