Dawood’s Ibrahim’s Rs 10,000-crore interest in Mumbai

Sources say that’s how much the don has invested in real estate in the city
D for development? According to a D-Company aide, Dawood uses men without criminal records as a front for his investment in property in Mumbai                                                                        file pic

Crime Branch officials are investigating a Rs 500-crore slum redevelopment scheme that looks like another of Dawood Ibrahim’s investments in Mumbai’s real estate.

But that could just be the tip of the iceberg. Sources revealed that the don may have invested over Rs 10,000 crore in real estate in the city in the last few years.

Complaint

The matter came up after Oshiwara-resident Ramesh Sippa lodged a police complaint, alleging irregularities in slum redevelopment schemes in Oshiwara.

Sippa was warned that Dawood brothers had invested in the project, which involved more than 3 lakh sq ft of prime land, and he could face serious consequences if he did not back off.

“I have been living with threats from Dawood’s henchmen for the past two years. I have made repeated complaints to the police, but they have fallen on deaf ears,” said Sippa.

Sippa met Joint Commissioner of Police Rakesh Maria on October 4. Maria referred the matter to DCP (crime) Devan Bharati, who confirmed that the case was now being investigated.

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