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MUMBAI ED ATTACHED SEVEN IMMOVABLE PROPERTIES WORTH RS. 5.88 CROES

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Face2News/Mumbai

Directorate of Enforcement (ED), Mumbai Zonal Office, has provisionally attached 7 immovable properties in the nature of flats etc in Mumbai, having value of around Rs. 5.88 Crore in an NDPS case against Faisal Shaikh, Alfiya Shaikh and Others under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).

The investigation, initiated based on complaint filed by NCB Mumbai under various sections of NDPS Act, has revealed that Faisal Shaikh one of the main accused was purchasing prohibited Mephedrone (MD) drug through source of one Salim Dola, a notorious drug kingpin. Faisal Shaikh and his wife Alfiya Shaikh established a well organised network for sale of MD drug and they used to sell it to Samiya Khan / Nasir Yasin Khan, Azim Abu Salim Khan @ Azim Bhau etc. who in tum used to sell the same to their customers.

(SUBHEAD)Faisal Javed Shaikh and his wife Alfiya Shaikh used to deposit illegally acquired money in cash into their personal bank accounts so as to show the same as legal money. Investigation also reveals that the accused had also used firm(s) opened in their name as well as in the name of their associates for integration of Proceeds of Crime while in reality, such firms were not having any actual/genuine business activities. Further, Alfiya Faisal Shaikh/Faisal Javed Shaikh also used to give cash generated out of drug sale to their close associates including Faizan Mohd Shafi Shaikh, who through his proprietorship concern M's Faiz Impex, Mumbai and other associates, routed it through multiple bank accounts relating to them / their associates and also through the bank accounts of shell companies. Part of such funds were also diverted back in the bank accounts of main accused Alfiya Faisal Shaikh, Faisal Javed Shaikh & their family members/associates which were later on also utilised in purchasing immovable properties.

Earlier, ED, Mumbai Zonal office has also conducted search operation on 08.10.2025, under the provisions of PMLA, 2002 wherein cash worth Rs. 42 Lakh, 1.6 kg Jewellery having worth around Rs. 1.76 Crore, 3 second hand luxury vehicles worth around 56 Lakh, and 12 bank accounts of accused persons were seized/frozen.

Further investigation is under progress.

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