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NEW DELHI: As the Enforcement Directorate digs deeper into its money laundering probe against Maharashtra minister Nawab Malik, it has found a plot worth Rs 200 crore in the Bandra- Kurla area that is linked to his family.
According to sources, Malik’s son, Faraz, is 25% partner in Touchwood Real Estate Pvt Ltd which owns the plot in Bandra-Kurla. It was bought in 2006 in “three different transactions from various buyers”. The transactions appeared prima facie suspicious and people involved are being investigated by the agency which has been probing the minister’s finances, sources said.
Scrutiny of the balance sheet of Touchwood Real Estate has led the investigators to a transaction of Rs 12.7 crore with ‘Associate Group of Companies’. The agency is now probing the antecedents and dealings of “Associate Group of Companies”.
The Maharashtra minority affairs minister, who was brought back to ED custody on Monday for interrogation after spending three days in a Mumbai hospital for a health complication, has been accused by the agency of having transactions with 1993 Mumbai serial blasts mastermind Dawood Ibrahim and other members of D-company, including his sister Haseena Parker and a serial blasts convict Sardar Shahwali Khan.
This is the second high-value property to have been linked to Malik and his family by the agency. Earlier, a plot at Kurla with an estimated market value of over Rs 300 crore was identified by the agency as belonging to Maliks who, according to the agency, had acquired it in connivance with gang members of Dawood Ibrahim, including 1993 Mumbai serial blasts convict Sardar Shahwali Khan.
Malik was last week admitted to a Mumbai hospital after he reported discharge of blood in his urine while in ED custody, where he was remanded by a PMLA court till March 3. Sources said, the agency has already lost a significant period of Malik’s custodial interrogation due to his unavailability.
The agency may approach the special court for further extension of the custody period, sources said. Special courts usually allow central agencies a maximum of 14 days for custodial interrogation. While the agencies may continue the questioning in judicial custody, they don’t find the setting in jails conducive enough for confronting the accused with details of the investigation.



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