Dubai: Links of Dheeraj Wadhawan and Kapil Wadhawan with Dawood’s aide Iqbal (Memon) Mirchi has come to the fore during the Enforcement Directorate (ED) with their Dubai-based real estate development firm Dheeraj and East Coast LLC that transferred four properties to Asif Iqbal Memon, son of Iqbal Mirchi in 2015.
ED sources told GoaChronicle.com the Dheeraj and East Coast LLC transferred four commercial properties totalling an area of 2900 square meters to Iqbal Mirchi’s son without any money consideration, as a gift.
The Dubai-based company of the Wadhawan’s sold ten commercial properties at Dubai Business Bay, which is the financial district in Dubai, for Rs 9 crore, when the prevailing market price for those properties was Rs 21 crore.
“These properties include one hotel namely Midwest Hotel Apartment and 14 other commercial and residential properties having a total value of AED 101.52 Million equivalent to Rs 203.27 Crore. Earlier, ED has already issued 2 Provisional Attachment orders in December 2019 attaching properties to the tune of INR 573 crore. Now the total attachment, in this case, has reached to Rs 776 crore,” the ED said in a release.
The agency has registered a money laundering case against Iqbal Memon alias Mirchi and others on September 26, last year under the provisions of PMLA.