The Enforcement Directorate (ED) has taken possession of a flat valued at ₹55 lakh in Thane, Maharashtra, as part of an ongoing money laundering investigation linked to Iqbal Kaskar, the brother of fugitive gangster Dawood Ibrahim. The flat is allegedly owned by Mumtaz Ezaz Shaikh, a close associate of Kaskar.

According to sources in the federal agency, the residential property in the Neopolis Building, located in Thane West, was attached as a result of a provisional order issued under the Prevention of Money Laundering Act (PMLA) in 2022. The adjudicating authority had approved the provisional attachment, which allowed the ED to take formal possession of the flat. The process of seizing the property was completed recently.