Mirchi’s aide Merchant sent to 14-day judicial custody


He played crucial role in deal of 3 properties: ED

A special Prevention of Money Laundering Act Court on Thursday sent Iqbal Mirchi’s aide Humayun Merchant to 14 days of judicial custody for laundering proceeds of crime. Mirchi was an associate of gangster Dawood Ibrahim.

The Enforcement Directorate (ED) told the court that Mr. Merchant played a crucial role in the deal of three properties — Rabia Mansion, Sea View and Marium Lodge, Worli — and acted on behalf of Mirchi.

The agency said Mr. Merchant had an important role in illegal dealings of Mirchi and after he became an absconder, Mr. Merchant worked as his frontman in dealings with Joy Home Creation Private Limited and Sunblink Real Estate Private Limited. “Mr. Merchant said that he had arranged meeting of Mirchi in London with Joy Home and Sunblink.”

The agency contended that Mr. Merchant also said that he arranged dummy tenants in the said buildings which were found to be his relatives. “He also admitted to have received payments of ₹5 crore in his account with Bank of India from Sunblink and transferred the money to the accounts of Junaid Memon, Mirchi’s son.”

The ED’s counsel sought 14 days of judicial custody while mentioning that the deal between Mirchi and Joy was mediated by Mr. Merchant and that he accepted huge amounts on behalf of Mirchi.

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Printable version | Dec 9, 2019 10:08:23 AM |

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