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UK Govt Seizes Assets Owned By Dawood Ibrahim

UK Govt Seizes Assets Owned By Dawood Ibrahim

Underworld don Dawood Ibrahim Kaskar, who is wanted in India in connection with the 1993 Mumbai serial blasts case, is the "second richest criminal ever" after Colombian drug lord Pablo Escobar. Notably, investigators from India visited the Midlands, back in 2015 to identify properties that belonged to Dawood Ibrahim. He is now believed to be based out of Karachi, from where he runs an illegal gambling ring and is also a part of terror acts masterminded by Pakistan's spy agency ISI.

The assets which have been frozen include properties in Midlands. Besides this, the gangster also owns many other hotels and residential property in the UK.

The properties owned by the 61-year-old gangster, who goes by at least 21 aliases, is estimated to be worth United States dollars 6.7 billion (£5.05 billion).

Dawood Ibrahim's name appears on the latest UK Treasury Department's "Consolidated List of Financial Sanctions Targets", the Birmingham Mail reported.

The sanctions prohibit the transfer of funds to anyone on the list and freeze any assets the targets may hold in the UK.

Dawood is believed to be in Pakistan now and has been closely monitored by India for his complicity in the 1993 serial blasts and other crimes, including conducting terror acts on Indian soil reportedly masterminded by Pakistan's spy agency ISI. The list from the treasury also lists the addresses of Dawood Ibrahim in Pakistan, as recorded.

It is a criminal offence to breach a financial sanction, without an appropriate licence or authorisation from the UK Treasury.

ED officers are also targeting other assets of Dawood Ibrahim such as a hotel in Dartford, Kent, another in Essex and several more in central London.

The UAE government had also reportedly seized Dawood's assets valued at Rs 15,000 crore.

Times Now first reported that a massive crackdown has been initiated by the United Kingdom government against Ibrahim, who is nearly certainly based in Pakistan despite that country's denials. He fled the country post the bombings and is understood to be hiding in Pakistan.

"India has been accusing Pakistan for long".

The opposition Congress asked the Narendra Modi government to "walk the walk" and bring the fugitive don back to India.