The ED - Enforcement Directorate, Mumbai, has tentatively attached immovable and movable properties worth Rs.5.37 crore belonging to drug lord Ali Asghar Shirazi and others under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, related to the smuggling of drugs overseas.
In the form of flats, shops and land belonging to Bhav Shirazi and others, including Mehreen Shirazi, Abdul Samad, Manoj Patel, and Yogesh Shah, a total of seven immovable property worth approximately Rs. 5,5 Crore has been attached.
In addition, in the bank accounts of Ramlakhan, Shobha Patel and M Patels Hustlers Hospitality Private Limited, movable property worth Rs. 36.81 lakh were fixed deposits and balances.
The Enforcement Directorate recently recorded the statements of actors Shiv Thakre and Abdu Rozik in a case involving Shirazi, which was found to have been involved in laundering narcotics funds through Hustlers Hospitality as investments for several startup projects such as Thakre Chai and Snacks and Burgir restaurant.
The government’s significant move of this Investigation by the Economic and Defence Committee has showed that telecommunications companies operating call centres, websites, logistics firms, consultancy services and bogus pharmaceutical undertakings were part of a drug syndicate operated by Shirazi and his associates. These companies were involved in the illegal shipping of opioids from India to foreign countries and routing the proceeds of the sale to India using various channels.
Investigation also exposed that there were huge cash deposits in the accounts connected to Shirazi and related persons/entities, which are part of proceeds of crime generated through illegal selling of numerous drugs. So far, about 44.50 billion rupees have been projected to be the earnings of corruption.
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