ED Registers Case of Money Laundering Against Iqbal Kaskar

MUMBAI: ED also registered a case against Dawood Ibrahim’s brother Iqbal Kaskar , and his associates Israr Syed and Mumtaz Shaikh , who were arrested by  Thane police last week , in a 2013 case of alleged threatening  and extortion .Enforcement directorate officers booked Iqbal Kaskar under the various sections of  the Prevention of Money Laundering  case .ED officials had served notices to  Iqbal Kaskar and many tenants of  Dambar wala building as well as Shabnam  Guest house , J J Marg ,early last month .

Thane police alleged that Iqbal Kaskar and his associates threatened a  Thane builder in 2013 , and forced him to give them 4 flats in his Ghodbunder Road project and Rs.30 lakhs in cash .The police also alleged that there was another case against Iqbval Kaskar .In 2016 , he and his associates allegedly forced a Thane jeweler to give them cash and jewelry worth 15 lakhs .

It is said that during the arrest of Iqbal Kaskar ,Thane Police seized a diary from his house which indicated that a lot of money was illegally transferred abroad through the channels of hawala operators and Angadias .The ED , registered a case on the basis of such diary , so that an idepth investigation can be conducted .According to reports  ,ED lodged a case against Iqbal Kaskar on the  information recived by them from  Thane police .

ED officials said that Thane Police enquiries revealed that Iqbal Kaskar  sent a large part of extorted money abroad .Therefore , ED also booked him under the prevention of money laundering act .

Now ,ED will ask the custody of Iqbal Kaskar from the court and he will be interrogated along with his associates , as his custody will be granted  to  ED by the court .

 

The sources said that ED has already begun the investigation in this case and they will conduct raids and searches at the residence and other properties owned by Iqbal kaskar .

The investigation against Iqbal Kaskar by ED is also looking and searching for any other associates like hawala operators, money launderers or Angadias who may have helped in sending money abroad .So there are apprehensions that many premises will be raided in Thane and Mumbai by ED and many persons can be interrogated.

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