PROPERTIES OF AN UNDERWORLD OPERATIVE ATTACHED

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The Appellate Tribunal for Forfeited Property today ordered trhe forfeiture of a large number of mumbai based residential and commercial properties of Mohd. Ahmed Ummer Dossa alias Tiger Majnoo and his relatives and associates under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act,1976 (SAFEMA). The properties include famous Heera Panna complex in Mumbai and bank accounts worth several crores of rupees. The case involves multi stage money laundering by establishing family trusts, receipt of gifts from abroad, sale of jewellery and giving of loans to each other.

Mohd. Ahmed Ummer Dossa alias Tiger Majnoo was ordered to be detained by the Govt. of Maharashtra under the Conservation of Foreign Exchange and Prevention of Smuggluing Activities Act, 1974 (COFEPOSA) in March 1993 and accordingly SAFEMA proceedings were initiated for forfeiture of property of the detenu and his family members. Detailed investigations found that the detenu and his relatives/associates created income tax records since 1976 by showing tuition money and broker income etc. as "seed capital" which was further increased by sale of jewellery and hundi loans and gifts from abroad in the 1980. Huge amount of money were received from abroad as gifts from 1989 onwards. Thus the detenu purchased large number of immovable properties and acquired other assets showing all these as legal earnings while actually all this money belonged to smuggling activities.