Proceeds of crime Rs 16crore: Enforcement Directorate in Nawab Malik case

MUMBAI: Pegging the total proceeds of crime at Rs 16 crore, the Enforcement Directorate (ED) alleged that ‘muscleman’ Nawab Malik had illegally occupied “Kurla General Store” in Goawala building compound in Kurla West in 1996, and after becoming a state minister a few years later, he usurped the entire premises with the help of Haseena Parkar, late sister of gangster Dawood Ibrahim.
The ED said Malik had purchased the illegally occupied Goawala compound for Rs 25 lakh, though he paid stamp duty after showing its worth as Rs 3.5 crore in 2005. The ED investigation found actual worth of the Goawala compound then was Rs 11.3 crore.
The ED is investigating a money laundering case against NCP minister Malik and has arrested him. Malik is in jail custody and ED alleged that by paying money to Haseena Parkar, Malik had helped the Dawood gang.
The ED alleged Malik had laundered Rs 16 crore through Goawala compound. This, it said, included Rs 55 lakh payment made to Parkar and Rs 5 lakh paid to 1993 blasts convict Sardar Khan, said the ED chargesheet filed against Malik and Khan recently. The laundered amount also included over Rs 10 crore rent Malik had collected from tenants of Goawala compound since 2010.
The ED said bank account statements of Solidus Investment Pvt Ltd, in which Malik and his family members are directors, showed Rs 15 lakh was paid to Haseena aide Salim Patel and Rs 5 lakh to Sardar Khan in 2005.
Sardar Khan in his statement to ED said Malik being “the muscleman of the locality occupied illegally the Kurla General Stores and its owner could not do anything and afterwards its tenancy was regularized in name of Aslam Malik, brother of Nawab Malik.” Haseena Parkar had also grabbed a portion of the property after opening an office on the premises through her bodyguard-cum-driver Salim Patel. Subsequently, she sold the portion to Malik.
Afterwards, Malik’s father, who shifted to UP after handing over his scrap business to his sons, came to Mumbai in 2003 and requested a businessman, (late) Kanubhai Patel, to help his son (Malik) in his business.