Delhi’s PMLA special court has empowered the Enforcement Directorate to clamp down on fresh assets tied to notorious don Iqbal Mirchi’s kin, under the stringent Fugitive Economic Offenders Act. This Wednesday ruling expands the agency’s reach to properties surfacing amid deeper probes into money laundering.
Permitting attachments under FEOA Section 5(1) for Annexure ‘C’ listings, the bench also allowed a Section 13 plea for future discoveries. Filed by Mumbai ED, the plea ties these to extant PMLA cases, underscoring their criminal origins.
Spotlight falls on Worli’s luxury real estate: Rabiya Mansion, Mariam Lodge, and Sea View, covering 4,970.41 sqm. In Dubai, Midwest Apartment hotel and 14 units round out the portfolio.
According to ED, Mirchi funded these with proceeds from underworld activities, routing them via Mohammad Yusuf Trust and relatives Asif, Junaid, and Hazra Memon. Already proclaimed FEOs in 2021, their global assets face forfeiture.
Probe details show the 1986 Worli acquisition at Rs 6.5 lakh, followed by obfuscation tactics using trusts and fake lessees. Upholding ED’s application, the court affirmed procedural adherence, signaling zero tolerance for economic fugitives’ hidden troves.
