New Delhi: Underworld don Dawood Ibrahim’s assets are frozen across the world, the notorious gangster continues to invest money, earned through his organised crime syndicate, in the Pakistan Stock Exchange (PSX).
These investments are being made through various capital securities firms in all the three stock exchange under in the PSX.
The Indian agencies are gathering clinching evidence against Dawood Ibrahim`s investment of illegal money into the PSX, earned through his crime syndicate, which primarily flourishes on drug smuggling, gun-running, Fake Indian Currency Notes (FICN) racket and extortion.
The D-company points man Jabir Moti, currently detained in a London jail, runs more than five front capital securities companies, all operating from the Karachi Stock Exchange, merged with the PSX in 2016.
Besides companies linked with Jabir Moti, D-company has also invested heavily, through various shell companies in Habib Bank’s subsidiary, Habib Metropolitan Financial Services (HMFS), a top equity brokerage firm in Pakistan.
Intelligence reports say Dawood Ibrahim was introduced to the senior management of Habib Bank by cricketer Javed Miandad, a former Senior Vice President of Habib Bank and father-in-law of Dawood’s daughter Mehreen Ibrahim.
Habib Bank was charged by the US Department of Financial Services with money laundering and terror links in 2017. Habib Bank’s role is also under suspicion for backing D-company’s operations in Nepal as it runs the Nepalese Himalayan Bank in a joint venture project.