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ED Moves To Confiscate 18 Properties Worth Over ₹700 Crore Linked To Gangster Iqbal Mirchi And Family Under FEO Act

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Mumbai: The Enforcement Directorate (ED) has sought confiscation of 18 properties linked to gangster Iqbal Memon alias Iqbal Mirchi and his family members under the Fugitive Economic Offenders (FEO) Act. Three of the properties are located in Worli, while the remaining 15 are in Dubai.

Mirchi, who had moved to London, has died. However, beneficiaries of his properties, including his wife Hajra Memon and sons Asif Memon and Junaid Memon, were declared fugitive economic offenders by a special court in February 2021. The process to confiscate their properties began thereafter.

In January this year, the ED approached the special court with an additional list of 18 properties linked to Memon that it seeks to confiscate under the FEO Act.

The agency has listed three Worli properties for confiscation: Sea View, Marium Lodge and Rabia Mansion. These properties are valued at `497 crore.

Under provisions of the FEO Act, the agency can seek confiscation of properties of a fugitive person located outside the country. Accordingly, the ED has also sought confiscation of 15 properties in Dubai valued at AED10.15 crore (`203.27 crore).

These include Hotel Midwest apartment owned by the trio and valued at AED9.30 crore, along with several units in Business Bay, Dubai, and three properties at Marsa Dubai.

While seeking confiscation, the ED said trust entities in India and individual or corporate holdings in Dubai were used to conceal the true beneficial ownership of these properties and project tainted assets as untainted. According to the agency, the properties were acquired, controlled and enjoyed by the Mirchi family through systematic concealment, misrepresentation and laundering of illicit funds.

The ED said Mirchi acquired three properties in Worli through proceeds of crime in September 1986 for `6.50 lakh. These include Sea View, Marium Lodge and Rabia Mansion, which together measure 4,970.41sq m. In 2019, Mirchi decided to develop these properties.

According to the ED, its investigation revealed that the Wadhawans of DHFL paid `154 crore to Mirchi abroad for acquisition of the Worli properties Sea View, Marium Lodge and Rabia Mansion.

The agency also said Kapil Wadhawan transferred 14 units to Asif Memon at a price of AED4.5 million against the prevailing market value of AED13 million. The transfer was made through Dheeraj & East Coast LLC, a company owned and controlled by the Wadhawans, to settle issues related to finalisation of the deal.

Crime

Delhi Police register FIR against unknown persons in Jamia vandalism case

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The Delhi Police on Thursday lodged a First Information Report (FIR) against unknown persons in connection with an incident involving vandalism and damage to property at the Jamia Millia Islamia (JMI), officials said.

According to the police, the case has been registered at Jamia Nagar Police Station, on the complaint of the varsity administration.

This is the second FIR registered in connection with the ongoing students’ protests at the university in recent days.

Earlier, the Delhi Police had registered an FIR at the Jamia Nagar police station against Congress MPs Imran Pratapgarhi and Imran Masood, as well as Samajwadi Party MP Mohibbullah Nadvi, following a complaint by Jamia Millia Islamia registrar Md. Mahtab Alam Rizvi.

Rizvi had alleged that the Congress MPs entered the campus without authorisation on separate occasions, amid the ongoing agitation.

Students of the university have been staging a hunger strike since October 12 demanding the restoration of the Jamia Millia Islamia Students’ Union (JMISU) and the removal of the University’s Chief Proctor over a “crackdown” on protesters.

Meanwhile, on Wednesday, the university expressed deep shock, disappointment, and concern regarding the incidents that took place on Tuesday night, which involved vandalism and damage to university property.

The varsity said that upon receiving reports of attacks on the campus, the proctorial team and JMI faculty members immediately arrived on the spot.

“They discovered that groups of protesting students and local residents had vandalised University gates and walls, brought down Gate No. 4C, pelted stones, and damaged the CCTV control room and cameras, while also severing their connections. It is reported that a group of masked protesters even reached the University’s boys’ hostel in an attempt to mobilise more individuals to join them,” the JMI said in a statement.

According to the University, viral social media videos posted by the protesting students themselves show extensive damage inflicted upon JMI property.

“This has left the university community deeply distressed and outraged,” it said.

“Most concerning is the fact that the vandalism began shortly after members of the protesting student committee had been in discussions with JMI faculty (this marked the seventh such attempt at dialogue initiated by the university administration),” the University said.

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Crime

CBI conducts searches in SBI fraud case against Aaj Ka Anand Papers Pvt Ltd

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The Central Bureau of Investigation (CBI) on Thursday carried out searches at multiple locations in Pune in connection with an alleged bank fraud case involving M/s Aaj Ka Anand Papers Pvt Ltd, an official statement said.

The agency recently registered a case against the company, its directors and unknown public servants based on a complaint filed by the State Bank of India (SBI), Mumbai.

The complaint alleges criminal conspiracy, cheating, criminal breach of trust, and manipulation of accounts, resulting in a wrongful loss of Rs 81.66 crore to the bank.

According to the CBI, the accused allegedly suppressed and misappropriated business revenues, altered and falsified books of accounts and electronic records, and diverted funds in violation of lending conditions.

Investigators suspect that substantial amounts were routed through current accounts maintained outside the designated banking channels without obtaining the consent of consortium lenders.

The agency said the alleged diversion of funds and unauthorised transactions amounted to cheating, criminal breach of trust, misappropriation and criminal conspiracy, causing significant financial loss to SBI.

As part of the ongoing probe, CBI teams searched several premises linked to the company and its directors. The searches covered both office establishments and residential properties associated with the accused persons.

During the operation, investigators recovered documents and digital evidence that are believed to be relevant to the case. The seized material is being examined to ascertain the full extent of the alleged fraud, including the suspected diversion and misappropriation of funds, as well as the involvement of other individuals who may have played a role in the conspiracy.

The CBI said the evidence collected during the searches would help investigators trace the flow of funds and determine whether there were any violations of banking norms and sanction conditions imposed by the lending institutions.

Further investigation in the case is underway, the agency added.

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Crime

Delhi Crime Branch arrests wanted mother-son duo in MCOCA, NDPS cases

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The Delhi Police Crime Branch has arrested a wanted mother-son duo linked to an organised drug syndicate and facing cases under the Maharashtra Control of Organised Crime Act (MCOCA) and the Narcotic Drugs and Psychotropic Substances (NDPS) Act, officials said on Thursday.

The accused have been identified as Neelam Rana, 47, wife of Rajesh Rana alias Bunty, and her son Rahul Rana, 27. Both were wanted in FIR No. 74/2026, registered under Sections 3 and 4 of MCOCA at Tilak Nagar police station, and FIR No. 968/2021, registered under Sections 21 and 29 of the NDPS Act at Khyala police station.

Proceedings under Section 84 of the Bharatiya Nagarik Suraksha Sanhita (BNSS) had been initiated against both accused by the concerned courts. Rajesh Rana, who is the head of the syndicate, has already been charge-sheeted in the MCOCA case and is currently in judicial custody.

According to police, a team from the Western Range-II unit of the Crime Branch was constituted on the directions of DCP Harsh Indora following specific intelligence received by Head Constable Pramod Kumar. The team was led by Inspector Satish Malik under the supervision of ACP Raj Pal Dabas.

The team included Sub-Inspectors Anuj Chhikara and Pradeep Dahiya, Assistant Sub-Inspector Shreeom, and Head Constables Ravinder Singh, Pramod Kumar and Azad.

SI Anuj Chhikara and HC Ravinder Singh conducted technical surveillance to trace the accused. Following sustained efforts, the team located them at their residential premises in Bindapur and Mahavir Enclave, Delhi, on October 27.

After the court proceedings and completing the necessary legal formalities, both were arrested under Section 35(1)(c) of the BNSS.

Police said Neelam Rana had been involved in 13 criminal cases since 1995, including cases under the Excise Act and the NDPS Act. Non-bailable warrants were also pending against her in two NDPS cases. Rahul Rana is also an accused in an NDPS case and a separate case registered under the Bharatiya Nyaya Sanhita (BNS).

According to investigators, Neelam Rana began selling liquor illegally in the Khyala and Tilak Nagar areas with her husband and his family. She later allegedly became involved in procuring and selling heroin, also known as smack. Her son Rahul Rana allegedly joined the illegal drug trade.

The police further alleged that the family operated an organised syndicate led by Rajesh Rana, generating substantial proceeds from drug trafficking. Following his arrest, Neelam and Rahul went into hiding and frequently changed locations to evade arrest.

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