New Delhi, July 8: A hotel in Kent, United Kingdom is under the radar after the Enforcement Directorate found that the Dawood Company had parked Rs 1,000 crore. Investigations have revealed that the D company had parked this mammoth amount as an investment in this hotel.
It is just one of the many investments that the D Company has made in the UK. In addition to this there are various such investments that the Enforcement Directorate has found in other countries such as Turkey and Morocco.
The financial empire of Dawood Ibrahim
Even as the Dawood Ibrahim issue is being discussed extensively in political circles, it is pertinent to note here that there is no shaking the man unless and until his financial empire is broken.
The ED is writing to the authorities in the UK, Turkey and Morocco to provide more details on the investments made by the D Gang.
The ED says that they will seize these properties as has been done in other cases recently at the United States of America and also Singapore. It is clear that it was Iqbal Mirchi who was the financial brain behind Dawood's investments abroad especially at the UK.
It is learnt that Mirchi with the help of some companies run by Indians in the UK had helped Dawood park funds. The entire estimate of the funds that the D Gang has parked alone in the UK is at around Rs 2500 crore, ED sources informed OneIndia.
ED team to visit UK
A four member team of the Enforcement Directorate will be visiting UK, Turkey and also Morocco to investigate further into the assets of the D Company. We are finishing off some formalities before we can visit these countries to further the probe, the official also said.
The probe will be multi pronged, the office says while also adding that various other agencies such as the Intelligence Bureau, local police in India and also the Central Bureau of Investigation will offer assistance.
Intelligence Bureau officials say that there is also a need to tap the Dubai market of the D company. He has vast real estate investments in Dubai and the amount involved here is more than what has been found in the UK.
A recent call intercept had suggested Dawood was striking a deal with one of his aides in Dubai to invest in a huge property. The call was traced to Karachi.