OPPOSING THE bail application of Humayun Merchant, the alleged aide of Iqbal Memon alias Iqbal Mirchi, the Enforcement Directorate (ED) said on Wednesday that he acted as the late gangster’s “frontman”.
Merchant was arrested last month for his alleged involvement in illegal deals of three properties belonging to Mirchi in Mumbai to the tune of over Rs 200 crore. The agency claimed that after Mirchi absconded, Merchant worked on his behalf on the transactions of the three properties in Worli.
ED claimed that Merchant received Rs 5 crore for the deal on the three properties from Sunblink Real Estate, which purchased them in 2010 and transferred the money to Mirchi’s son, Junaid. The ED claimed that Mirchi, through his illegal acts of extortion, and smuggling of drugs and arms, had generated “huge amounts” of money, which were then laundered. “After Iqbal Mirchi became an absconder, the accused (Merchant) worked as a frontman in the dealings with Joy Home (the company with which a deal on the properties was done earlier) and Sunblink,” it said.