PMLA court extends Iqbal Kaskar's judicial custody for 14 days

A special PMLA court has extended Dawood Ibrahim's brother Iqbal Kaskar's judicial custody for 14 days.

A special Prevention of Money Laundering Act (PMLA) court on Thursday sent underworld fugitive Dawood Ibrahim's brother Iqbal Kaskar to judicial custody for 14 days. He has already been under judicial custody since February 18 in a money laundering case.

Iqbal Kaskar is being probed by the Enforcement Directorate for extorting a builder.

In the five-page remand copy submitted by the ED in the court, the probe agency claimed that after Kaskar was deported to India, he started extorting money from various builders or celebrities by pressuring them with the help of his brother's image as a global terrorist. Kaskar used his henchmen for this act and collected money on behalf of Dawood Ibrahim.

The ED claimed that they had evidence in their possession that Kaskar was regularly receiving substantial proceeds of crime from Dawood Ibrahim.

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The remand copy stated that Kaskar had received a flat and Rs 90 lakh as extortion money.

The remand copy stated, "It may be appreciated that the accused has played a very crucial role in the acquisition of proceedings from the act of extortion/other illegal activities. Considering the offence and the role of the accused in the offence of money laundering, as brought out above, the accused may kindly be taken into judicial custody as the investigation is still going on."