Dawood ibrahim hawala business plan

Dawood Ibrahim who turns 60 on Saturday is expected to announce his succession plan S Hussain Zaidi Fugitive gangster Dawood Ibrahim, once the ruling deity of Mumbai's underworld, has decided to call it a day. Dec 24, Dawood, who is currently based out of Karachi in Pakistan and is protected by the country's security forces round-the-clock, is likely to be succeeded by one of his brothers and Anees Ahmed is the front-runner. Sources said Dawood's trusted lieutenant Chhota Shakeel - often referred to as the gang CEO - will mostly likely retain his position.

Dawood ibrahim hawala business plan

dawood ibrahim hawala business plan

The cash was meant to be transferred to the UAE. The dreaded D-Company is suspected of having a role in the Rs 1,crore hawala racket that was unearthed by Income Tax officials in Kolkata on Thursday. The initial investigation has revealed that the cash seized was meant to be transferred to the United Arab Emirates UAE.

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It is estimated that more than Rs 50 crore has already been accounted for. The money was generated through lottery schemes in Tamil Nadu and West Bengal and kingpins from the two states are involved in the racket that has links with the underworld, sources said. Intelligence agencies have identified five businessmen who are alleged to be the kingpins of the international money laundering syndicate.

Sources said the money laundering network is being controlled from Pakistan through fraudulent lottery schemes which dupe people across India. More than 20 cases have been filed against him in Kerala, Karnataka and Tamil Nadu. The companies that were raided on suspicion of being part of the international money laundering gang include General Systems which is run by S Nagarajan, a Tamil Nadu-based businessman.

The premises of another West Bengal-based company - Future Plus Enterprise - run by Jitendra Mehta and Babla Bhai were also raided by sleuths who seized huge amounts of cash from there.

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Divjyoti Distributors in Siliguri was also raided. Sources said that over Rs 50 crore has been accounted for till now according to initial estimates, but the amount could be much higher once the exercise of counting the currency is over.

Intelligence agencies are gathering more information about these companies. Soures said the cash was stashed in travel and gunny bags and also in a six-foot almirah in one of the premises raided by the agency. According to intelligence officials, more raids are expected in other parts of the country to track the remaining amount.Dawood Ibrahim runs his business empire across the globe.

dawood ibrahim hawala business plan

The government had identified 11 close associates of Dawood, & 7 of his companies that deal in aviation, oil, . NEW DELHI: National security advisor Ajit Doval has a strategy to weaken Dawood Ibrahim and his syndicate.

How India plans to weaken Dawood Ibrahim and his syndicate | India News - Times of India

The plan is to identify D-Company’s offshore assets and get them frozen, sources say. They traffic weapons, counterfeit DVDs, and provide financial services through their extensive system of hawala operators," he said during a Congressional hearing organised by the Committee on House Financial Services Subcommittee on Terrorism and Illicit Finance.

D-Company is headed by fugitive Indian underworld don Dawood Ibrahim. “Dawood Ibrahim is a UN-designated global terrorist and a fugitive from Indian law, at several point of time his details have been shared by the Indian government with the govern ment of Pakistan,“ he added.

Dawood eyes Gujarat’s realty, hawala for extortion | India News - Times of India

Dawood Ibrahim is the main accused in the serial bomb blasts case in Mumbai in which around people were killed, and more than suffered injuries. He fled the country post the bombings and is understood to be hiding in Pakistan. Dawood Ibrahim, Tiger Memon: Brains behind Mumbai blasts, still on the run Abu Salem and Karimullah Khan were sentenced by a TADA court, but these perpetrators are still absconding.

Caught on tape: How underworld don Dawood Ibrahim manages his business empire - India News