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ED Attaches Rs 700.27-Crore Assets Linked to Iqbal Mirchi Family

The move advances ED's push for court-ordered confiscation under India's anti-money-laundering laws.

Overview

  • The Enforcement Directorate, which announced the action Monday, provisionally attached Rs 700.27 crore in assets under the Fugitive Economic Offenders Act that it says were bought with laundered crime proceeds.
  • The Worli attachments cover Rabia Mansion, Marium Lodge and Sea View, which the agency says were bought in 1986 via Rockside Enterprises and kept in a trust’s name to hide control.
  • The ED also attached Dubai properties worth about Rs 203.27 crore, including Hotel Midwest Apartment and units at Corporate Bay and DEC Towers held through family-linked entities.
  • Provisional attachment freezes property as a temporary step while a special court decides whether to permanently confiscate it under India’s money-laundering framework.
  • The case has advanced in court since 2021 when a special judge labeled Mirchi’s wife Hajra and sons Asif and Junaid as fugitive economic offenders, and the ED has filed prosecution complaints against them.