New Delhi: The Enforcement Directorate’s (ED) probe into property deals related to underworld don Dawood Ibrahim Kaskar’s close aide, the late Iqbal Mirchi, has started revealing corporate connections with the agency summoning former promoter of Bhushan Steel over a financial transaction to the tune of Rs 19 crore.
A senior Enforcement Directorate official, related to the probe told: “We have summoned Naveen Singal, former promoter of Bhushan Steel, for having financial dealings with the family members of Mirchi.” Singal has been called on Friday for questioning and his statement will be recorded under the Prevention of Money Laundering Act (PMLA). The official said that the probe agency took action after a search and seizure at the residence of Mirchi’s son last week saw them find a receipt of Bhushan Steel for a money transfer of over Rs 19 crore.
According to the Enforcement Directorate official, Singal and his brother Brij Bhushan Singal, who was arrested earlier, had set up a firm in Delhi and they had financial transactions with Michi’s son Junaid Iqbal Memon. The official said that the Enforcement Directorate wants to know for what purpose the promoters of the Bhushan Steel paid him over Rs 19 crore between 2010-11.
Bhushan Steel is also under investigation by various investigation agencies including the Central Bureau of Investigation and Serious Fraud of Investigation Office. In further developments in Mirchi’s property deal cases, the agency on Tuesday arrested Humayun Merchant, an aide of Mirchi, who allegedly played a crucial role in negotiating on his behalf with Sunblink Real Estate.
The agency also arrested Rinku Deshpande for receiving cheques related to deals in favour of fake dummy tenants. On Friday, the Enforcement Directorate had questioned former Union Minister Praful Patel for over 12 hours about who the promoters of Millennium Developers were, whether he had ever meet Merchant and if he had travelled to London during 2006-07.
The Enforcement Directorate action is based on documents, unearthed during the probe, which shows that Millennium Developers, promoted by Patel and his wife Varsha, developed the 15-storeyed Ceejay House in Mumbai and then gave two floors of the building to Mirchi’s family members in 2006-07. The Enforcement Directorate has unearthed deals worth Rs 225 crore related to three buildings - Sea View, Marium Lodge, and Rabia Mansion - spread over 1,573 square metres in Worli area of Mumbai. Earlier the agency arrested Bindra and Haroun Yusuf, former chairman of a dubious trust both close aides of Mirchi, from Mumbai. According to the ED, while Bindra acted as a broker for the land deals, Yusuf facilitated them by transferring the money to a Trust. (IANS)