D-Company properties under ED scanner

Properties of Dawood Ibrahim, his relatives and his gang members are under the Enforcement Directorate's (ED) scanner. The central agency recently registered a case of money laundering against Dawood's brother Iqbal Kaskar and D-Company gang members who were involved in an extortion racket in Thane, Navi Mumbai and Mumbai.

The ED is likely to soon approach Competent Authority (CA), a statutory authority under Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA) for seeking details on assets of Dawood and his relatives in India. The ED will also be concentrating on their benami properties, bought through ill-gotten money.

"There is a high possibility that in all these years Kaskar may have laundered the extortion money through hawala channels or shell companies. We are collecting details of properties of gang members involved in the case," said an ED official adding that once Kaskar gets judicial custody, a team will visit him in jail to record his statement. The ED is currently waiting for a few documents from the Thane police.