Money laundering case: ED seizes assets belonging to NCP leader Nawab Malik, his family

The Law Enforcement (ED) Directorate said on Wednesday it had provisionally seized the assets of arrested NCP leader Nawab Malik and his family in connection with a money laundering case involving Malik and Haseena. Parkar, sister of wanted mobster Dawood Ibrahim.

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The adjoining assets included a property consisting of Goawala and a commercial unit at Kurla in Mumbai, 147 acres of agricultural land at Osmanabad in Maharashtra, three apartments at Kurla and two residential apartments at Bandra.

The agency said the attached properties are owned by Solidus Investments Pvt. ltd. and Malik Infrastructure. Both companies are controlled by Nawab Malik and his family members, the investigative agency said.

The ED is investigating the sale of the Goawala complex to Malik by Parkar through his trusted assistant Salim Patel in 2005. The ED has alleged that the original owner of the land was Munira Plumber and that the land was given to him “spoofed” by Parkar and Patel via a fake power of attorney (POA) in Patel’s name. The bogus POA gave Patel the right to sell the land owned by Plumber.

Malik was arrested by the ED on February 23 and is currently in jail.

The ED v Malik case stems from his investigation against Dawood, Iqbal Mirchi, Chhota Shakeel, Parkar and Javed Chikna for hawala transactions related to money obtained illegally through extortion, drug trafficking, sale of real estate in the area of Nagpada and Bhendi Bazaar in Mumbai, and other illegal activities.

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