London: In a big diplomatic victory for India, the UK Government has started confiscating property owned by underworld don Dawood Ibrahim.
The Brit government on Wednesday informed India’s Home Ministry that it has started the process to seize Dawood’s property worth Rs 4000 crores.
The 61-year-old mafia boss is the chief accused in Mumbai serial bomb blasts case, has been a wanted fugitive since 1993.
In 2015, India had handed over a dossier containing information on Dawood to Britain.
He also appears on the updated UK Treasury department’s ‘Consolidated List of Financial Sanctions with three recorded addresses in Pakistan’s Karachi.
Dawood, who has more than 21 aliases, has an estimated worth $6.7 billion (£5.05 billion).
He reportedly owns a hotel in Warwickshire and residential properties across the Midlands.
The gangster and his infamous crime syndicate D Company also have ties with Al Qaeda.