GANGSTER’S ILLEGAL ASSETS

Gangster Iqbal Mirchi

had bought properties in India using money earned through illegal activities, and later sold them for redevelopment

ED had named

Memon, Asif, and Junaid as accused in the case as

in December 2019, the agency had named Memon, Asif, and Junaid as accused in the case as they were the beneficiaries of the assets earned by Mirchi through proceeds of crime. They have been listed as the top three accused in the complaint submitted by the agency before the special they were the beneficiaries of the illegal assets

been listed as the top three accused in the complaint submitted by the agency.

They have

Prevention of Money Laundering Act court. ED had last week approached the court for warrants against three as they failed to appear before the court or investigating authorities, despite receiving several summonses.

The special court, while allowing the plea, observed that the accused did not appear despite being served summonses.

“Hence issue open-ended warrants against them,” the court said. The Central agency has alleged that Mirchi had purchased three properties — Sea View, Marium Lodge, and Rabia Mansion in Worli — in 1986.

Officers claimed that Mirchi was involved in narcotics smuggling and operated an extortion racket for years. ED listed eight cases to prove his involvement in criminal activities since 1984. A case filed in 1994 at MRA Marg police station was taken as the base case to initiate a moneylaundering inquiry against him.