All Assets of Dawood’s Aide Iqbal Mirchi and His Family to be Confiscated !

​Mumbai – The Enforcement Directorate (ED) had initiated action against terrorist Dawood Ibrahim’s aide, Iqbal Mirchi. On April 29, a special (PMLA) court in Mumbai granted permission to the ED to confiscate additional assets owned by Iqbal Mirchi and his family located in Mumbai and Dubai. This action will be taken under the ‘Fugitive Economic Offenders Act (FEOA), 2018’. This is the ED’s largest-ever crackdown on a network laundering black money in the criminal underworld. These properties were purchased using money obtained through criminal activities.

​The seizure includes three highly expensive properties in the Worli area: ‘Rabia Mansion’, ‘Mariam Lodge’, and ‘Sea View’. Their total area is 4,970.41 square meters. Mirchi had purchased these properties in 1986 for only 6.5 lakh rupees, whereas their value today runs into hundreds of crores. Government seizure notices will be displayed outside these properties.

Following this, the confiscation process will involve an auction. Additionally, 14 ‘real estate units’ in Dubai’s ‘Hotel Midwest Apartments’, ‘Corporate Bay’, and ‘DEC Towers’ will be seized by the ED.

​To prevent these properties from being confiscated, Mirchi had manipulated documents through various trusts and fake tenants. It is alleged that 154 crore rupees were diverted abroad to acquire these assets. The links to this case have also been connected to the Wadhawan brothers of DHFL.