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Ahead of PM’s Mumbai visit, CM Shinde packs bags for Swiss biz sojourn

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Ahead of Prime Minister Narendra Modi’s Mumbai visit, Chief Minister Eknath Shinde is busy packing his bags for a quick business trip to Davos, Switzerland, where the World Economic Forum (WEF) is scheduled between January 16 and 20.

Deputy CM Devendra Fadnavis, who was scheduled to accompany Shinde’s 20-strong delegation, backed off and will make preparations for the PM’s programmes in the country’s commercial capital on January 19, and the foreign-returned Shinde shall join them.

For Shinde, this is his first trip abroad since coming to power on June 30 last year after unceremoniously toppling the Maha Vikas Aghadi (MVA)’s ex-CM Uddhav Thackeray.

The Davos biz trip is crucial for Shinde-Fadnavis to make a lasting impression back home where the Balasahebanchi Shiv Sena-Bharatiya Janata Party (BSS-BJP) alliance is under machine-gunfire as several mega-projects have hopped off Gujarat and certain other states.

Even before boarding the flight, team Shinde has announced that the Maharashtra government “will sign MoUs worth around Rs 1.40 lakh-crore” with 20 global conglomerates at the picturesque Alpine ski resort of Davos – hosting the 2023 conference themed ‘Cooperation In A Fragmented World’.

As per the CMO, Shinde and his entourage will fly to Zurich on Jan. 15 and on Jan. 16 (Monday), go to Davos – some three hours away – and inaugurate the Maharashtra Pavilion, which is right opposite the India Pavilion.

The pavilion will showcase Maharashtra’s Coastal Road Project, Metro Projects in various cities, the HinduhridaySamrat Balasaheb Thackeray Mumbai-Nagpur Super Expressway, the longest tunnel for the Mumbai-Pune Expressway ‘missing link’, changing over to electric vehicles in public transport and other eco-friendly measures combing sustainable development adopted by the state.

There, some MoUs will be signed and then Shinde will meet top officials of the WEF and attend the main welcome function at the Congress Centre that evening.

On Jan 17, the CM will meet and say cheese with the Prime Ministers of Luxembourg and Jordan, Ministers of Singapore and Saudi Arabia, bankers and the Swiss-India Chamber of Commerce, and a few more MoUs shall be inked.

That afternoon, he will address a gathering in Congress Centre on the challenges posed by “changing climatic conditions to the development of cities and environment-friendly sustainable development”.

After the hectic businesslike day, a relaxed Shinde would host a Maharashtrian banquet for around 150 Indian and international dignitaries from politics, industry and others attending the WEF and sell the concept of ‘Magnetic Maharashtra’ aimed to attract big investments.

Unconvinced, the Opposition MVA leaders have raised eyebrows over Shinde’s brief Davos jaunt with sharp comments.

Nationalist Congress Party’s Chief Spokesperson Mahesh Tapase urged the CM should ensure that “the proposed investments finally land in Maharashtra and not get diverted to Gujarat or some other state” and ensure good employment opportunities for the youth here.

Congress General Secretary Sachin Sawant said that owing to the PM’s visit to Mumbai, the Dy CM (Fadnavis) cancelled his Davos trip and CM Shinde will cut short his tour, thus missing out a golden opportunity for getting good investment projects for the state.

Shiv Sena (UBT) Chief Spokesperson and MP Sanjay Raut said that the Shinde-Fadnavis government is “illegal and unconstitutional” and hence not serious about investments or creating jobs in the state.

“This is the first physical WEF after the two years of pandemic. We have prepared a master plan to convey an impressive image of Maharashtra at the conference. The CM and Deputy CM have personally reviewed everything and guided the officials on all aspects,” said an official here.

The annual WEF attracts around 2,500 top leaders in politics, business and economics and attracts the eyes and ears of the whole world, though Shinde may warily keep glancing over his shoulder to keep an eye back home.

Minister Uday Samant, top officials like Chief Secretary Manukumar Srivastava, Bhushan Gagrani, Harshdeep Kamble, Vipin Sharma and others will comprise the state delegation led by Shinde, and will return home late on Jan 18 – in time for the PM’s visit.

Maharashtra

Action under the ‘Pedestrian First’ initiative by the ‘G-North’ ward of the Mumbai Municipal Corporation

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To ensure the unobstructed movement of pedestrians on footpaths, the Brihanmumbai Municipal Corporation (BMC) is implementing an initiative called ‘Pedestrian First’. In this regard, an enforcement drive was carried out today (October 23, 2026) in Dadar, near the ‘Late Maa Saheb Meenatai Thackeray Flower Market’ and along ‘Senapati Bapat Marg’. During this operation, 12 unauthorized structures—including temporary tarpaulin sheds and illegal platforms—were removed, and 60 hawkers obstructing the footpaths were cleared from the area. This operation was conducted by the BMC’s ‘G-North’ Ward.
Under the guidance of Municipal Commissioner Ashwini Bhide, the BMC is effectively implementing the ‘Pedestrian First’ initiative. The objective of this initiative is to clear footpaths of unauthorized hawkers and encroachments, ensuring they remain free from any obstructions.

In this context, the aforementioned action was carried out under the guidance of Deputy Municipal Commissioner (Zone-2) Prashant Sapkale and the leadership of Assistant Commissioner (G-North Ward) Yogesh Desai. Under this initiative, 12 unauthorized structures—including temporary sheds and illegal platforms—were removed in Dadar, near the ‘Late Maa Saheb Meena Tai Thackeray Flower Market’ and along ‘Senapati Bapat Marg’. Additionally, 60 street vendors who were obstructing the footpaths were cleared from the area. Adequate police personnel were deployed on-site during the operation.

Meanwhile, the Municipal Corporation is taking measures to ensure that footpaths remain open and accessible to pedestrians. Consequently, the Municipal Corporation administration has issued directives prohibiting any unauthorized construction on footpaths, as well as the placement of any items that might obstruct the path for pedestrians. Strict action will be taken against any such violations.

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Crime

ED files FIR, foils bid to trespass flat attached in extortion case against Dawood’s brother

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In a matter related to fugitive don Dawood Ibrahim’s brother, the Enforcement Directorate (ED) lodged an FIR seeking action against miscreants who trespassed a Thane flat that was attached earlier in connection with an extortion case registered against Iqbal Ibrahim Kaskar, an officials said on Friday.

The flat was attached by the ED in 2022 during money laundering investigation in a case relating to extortion by accused Iqbal Kaskar, younger brother of underworld don Dawood, who is suspected to be in Pakistan, the official said in a statement.

The FIR was filed as a deterrent action against miscreants for trespassing the “confirmed attached properties” in the possession of the ED’s Mumbai Zonal Office-I, it said.

“The FIR was lodged on October 15 after restoring the possession of a flat in Thane (West) under the provisions of the Prevention of Money Laundering Act (PMLA), 2002,” the ED said.

“In respect of the alleged unauthorised entry and interference with the attached property, an FIR dated October 15 has been registered at Kasarvadavali Police Station in Thane under Sections 329(4) and 223 of the Bharatiya Nyaya Sanhita, 2023, so that the matter is investigated and trespassers are punished,” the ED added.

The property was provisionally attached vide provisional attachment order dated April 8, 2022, during money laundering investigation in the extortion case against Iqbal Kaskar and others, it said.

The provisional attachment was subsequently confirmed by the Adjudicating Authority under Section 8(3) of the PMLA vide order dated September 29, 2022, and possession of the flat was also taken by the ED on December 17, 2024, under Section 8(4) of the PMLA, the statement said.

The ED investigation was initiated on the basis of FIR registered at Kasarvadavali Police Station in Thane, concerning allegations of extortion against, inter alia, Iqbal Kaskar, Mumtaz Azaz Sheikh alias Raju, Israr Ali Jamil Saiyad and others.

During investigation, it was revealed that pursuant to threats and extortion, flats were demanded to be registered in favour of or at the instance of the accused persons, the ED said.

In this context, Flat No. 405 was registered in the name of Mumtaz Azaz Sheikh on May 29, the ED said.

It came to notice that some people had entered the property, broken the lock and removed the ED’s possession notice, the statement said.

The ED conducted inspections and took necessary steps to safeguard the attached property.

The matter was also placed before the Special PMLA Court, which also directed the ED to restore the possession with police assistance, if required.

In compliance and also to safeguard the property, the lock of said flat was changed in presence of police personnel and witnesses and the possession of the said flat was restored, the ED said.

A fresh notice was also affixed on the premises clearly mentioning that any aggrieved person may either approach the office of the ED or the court where the trial of the case is being conducted, it added.

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Business

ED attaches Rs 85.2 crore Kolkata land linked to Unity Infraprojects bank fraud case

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The Enforcement Directorate (ED) has provisionally attached an immovable property spread over approximately 14.51 acres in Kolkata valued at Rs 85.20 crore, in connection with a bank fraud and money laundering case involving M/s Unity Infraprojects Ltd. (UIL) and others, the agency said on Friday.

According to the ED, the attached land, located at Mouza Chakgaria in Kolkata, is held in the name of M/s Suburban Agriculture Dairy & Fisheries Pvt. Ltd. (SADAFPL). The attachment was made under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.

The money laundering investigation stems from an FIR registered by the CBI’s Bank Securities & Fraud Branch in Mumbai on a complaint lodged by the State Bank of India.

The FIR alleges that UIL, in connivance with its promoters, directors and associated entities, defrauded a consortium of 23 banks by availing credit facilities of around Rs 3,200 crore. The total outstanding dues, including interest, are estimated at approximately Rs 3,800 crore.

According to investigators, the fraud involved fictitious transactions, round-tripping of funds, manipulation of financial records, and diversion of funds through shell entities.

The ED said its probe revealed that funds from UIL were routed through its wholly owned subsidiary, Unity Realty & Developers Ltd. (URDL), and subsequently used to acquire and hold assets through associated companies. SADAFPL was identified as a step-down subsidiary of UIL through URDL.

Further investigations established a trail linking the Chakgaria land parcel to funds originating from UIL and its group entities, indicating diversion and layering of proceeds generated from the scheduled offences. The property was attached under Section 5(1) of the PMLA to prevent its transfer or disposal pending confiscation proceedings.

The agency noted that in July 2025 it had conducted searches at residential and commercial premises, as well as bank lockers, linked to UIL, its former directors and their family members. During those operations, movable assets worth Rs 31.21 crore were seized or frozen.

The ED had also attached land parcels and flats valued at about Rs 1,493 crore through three separate provisional attachment orders, all of which were later confirmed by the Adjudicating Authority under the PMLA.

With the latest attachment, the total value of movable and immovable assets attached or frozen in the case has risen to about Rs 1,609 crore, the agency said.

The ED further informed that it filed a prosecution complaint before the Designated Special Court, City Civil and Sessions Court, Greater Bombay, Mumbai, on March 27, 2026.

Further investigation is underway.

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