ED temporarily seizes the assets of Nawab Malik

0

On Wednesday, the Law Enforcement (ED) Directorate provisionally seized properties worth nearly ₹15 crore belonging to jailed Nationalist Congress party leader Nawab Malik, his family members and two companies under the Prevention of Money Laundering Act (PMLA).

The attached properties include property of Munira Plumber, five apartments in Mumbai, one commercial unit and agricultural land in Osmanabad district, measuring 147.79 acres.

The ED had opened an investigation against underworld don Dawood Ibrahim and others based on an FIR registered by the National Investigation Agency (NIA) on February 3 under various charges, including raising funds for a terrorist act, conspiracy and possession of proceeds of crime. FIR named Dawood Ibrahim, Haji Anees, Chhota Shakeel, Javed Chikna and Tiger Menon. It mentioned that Ibrahim left India but started controlling his criminal activities through his sister Haseena Parkar and others.

It was revealed during the investigation that a principal property of Ms Plumber had been usurped by Mr Malik through a company – M/s Solidus Investments Private Ltd – owned by his family members and controlled by him with the active connivance of Mrs. Parkar and her aides. Mr. Malik allegedly usurped the three-acre land and building in Mumbai.

According to the ED, the rent of ₹11.70 crore received from this property in both entities – M/s. Solidus Investments Pvt. ltd. and M/s. Malik Infrastructure — is also considered proceeds of crime.

The five-time MP was arrested on February 24 after being questioned by the ED for seven hours. He has been incarcerated at the Arthur Road Jail since March 7 for a case dating back to 1999.

Share.

Comments are closed.