ED Seeks Confiscation of Over Rs 700 Crore Properties Linked to Late Gangster Iqbal Mirchi

The Enforcement Directorate (ED) has sought confiscation of 18 properties worth over Rs 700 crore linked to late fugitive gangster Iqbal Mirchi and his family under the Fugitive Economic Offenders Act. The properties include three in Mumbai's Worli area valued at Rs 497 crore and 15 in Dubai worth Rs 203 crore. Mirchi's wife and sons were declared fugitive economic offenders in 2021. The ED alleges trusts and corporate entities were used to conceal ownership and has filed a plea for confiscation, with hearings pending.