Enforcement Directorate Seizes Iqbal Kaskar’s Thane Flat in Money Laundering Probe

Thane, 24th December 2024: The Enforcement Directorate (ED) has escalated its action against Iqbal Kaskar, the brother of gangster Dawood Ibrahim, by attaching his Mumbai flat. This property is linked to a 2017 case filed by the Anti-Extortion Cell of Thane Police, which alleges the flat was acquired through extortion.

The ED has seized a flat in Thane as part of its investigation into money laundering activities involving Kaskar and his associates. The property, located in Neopolis Tower in Kavesar, has been temporarily attached since March 2022.

The probe revealed that the flat was obtained through extortion activities. Following an interrogation in 2022, the ED expanded its investigation, taking action in several locations. The case dates back to 2017 when Thane Police’s Anti-Extortion Cell filed an FIR against Kaskar.

The investigation uncovered that Kaskar, along with associates Mumtaz Sheikh and Israr Saeed, had extorted money and property from various businessmen. One builder was forced to transfer a property worth around Rs 75 lakh into the name of Mumtaz Sheikh. In 2022, the ED filed a chargesheet under the Prevention of Money Laundering Act (PMLA) based on the FIR, which included serious charges of extortion.