In an extortion case against Dawood Ibrahim’s brother, the ED seizes an apartment worth Rs 55 lakh

In the extortion case against Dawood Ibrahim’s brother Iqbal Kaskar, the Directorate of Enforcement (ED) has provisionally attached a property in Thane valued at roughly Rs 55 lakh. In this case, the flat was attached as an immovable asset under the Prevention of Money Laundering Act of 2002. (PMLA).

Suresh Devichand Mehta, a real estate builder and developer, originally filed an FIR in September 2017 for extortion under several sections of the Indian Penal Code against Iqbal Kaskar (brother of wanted criminal Dawood Ibrahim), Mumtaz Sheikh, and Israr Ali Jamil Saiyad (IPC). Based on the FIR, the Thane police extortion unit lodged a case, and the ED launched a money-laundering inquiry.

Iqbal Kaskar, Mumtaz Sheikh, and Israr Ali Jamil Saiyad utilised their connections with underworld gangster Dawood Ibrahim to extort a flat in Thane in the name of Mumtaz Ezaz Sheikh. Aside from the property, Mehta issued four checks totalling Rs 10 lakhs, which were redeemed by the accused through cash withdrawals, according to an ED statement.

According to authorities, these bank accounts were solely used to withdraw Rs 10 lakh in cash and were not used for any other purposes. The accounts were reportedly used to conceal the true recipients of the extorted funds. Kaskar is also accused of extorting money from Mehta.

Iqbal Ibrahim Kaskar was arrested in February 2022 by the ED for his involvement in a money laundering offence and is presently in judicial detention.

More research is being conducted.