This is the concluding part of the six-part series on Dawood Ibrahim's crime syndicate. Read >part 1 , >part 2 , >part 3,>part 4, and >part 5 here.
Dawood has major investment in the 3200-hectare self-contained Dubai Investment Park and in a high-rise building in UAE Marina. According to recent reports, the high-rise building on the Marina may be facing legal troubles.
The don also has plots and other investments in the UAE, a federation of seven emirates in the Persian Gulf. It is the UAE that seems to be the major centre for his investments, and also the control centre from where the criminal syndicate is run, especially the Indian side of the operations.
In the summer of 2013, according to intercepts accessed by The Hindu , Dawood was actively involved in discussions with his associates in the UAE regarding a residential-cum-commercial project in that country. The don could have made 155 million dirham (Rs.279 crore) in profit if he had outright sold the apartments and shops. However, he was veering towards renting out the properties to earn about 30 million dirham (Rs.54 crore) as annual rent.
The fugitive don runs an office in Dubai, from where cheques and other payments are issued after instructions from him. He has been buying and selling property in the UAE market. For example, in early 2013, he bought a villa for 8.5 million dirham (Rs.15 crore). At the end of the year, Dawood floated a company in Dubai with his associates, where he had a 25 per cent stake. Around the same time, Dawood told his UAE associates about his 25 million dirham (Rs.45 crore) investment in properties, and also asked them to get a cheque of 50 million dirham (Rs.90 crore) for disbursing some payments.
Dawood has been building his empire with associates from India, Pakistan, and the Gulf countries.
He also bankrolls smaller businessmen, with advances of a few million, according to available information. His associates, too, have interests in several housing projects in Dubai.
This is the concluding part of the six-part series on Dawood Ibrahim's crime syndicate. Read >part 1 , >part 2 , >part 3,>part 4, and >part 5 here.
