The case of Baba Siddique's murder has brought to light the deep-rooted connections between real estate developers and the underworld, particularly in the Bandra-Santa Cruz area of Mumbai.
Baba SiddiqueReal EstateUnderworldMumbaiDawood IbrahimReal Estate MaharashtraOct 16, 2024
Baba Siddique was a major real estate developer and politician in Mumbai, known for his influence in the Bandra-Santa Cruz area. He was involved in several high-profile projects and had significant political connections.
Baba Siddique and a close relative invested over Rs 100 crores in purchasing an island near Dubai. However, the project did not succeed, leading to substantial financial losses for both parties.
One of the directors of the Khar redevelopment project had ties to the Dawood Ibrahim gang and was invited to the wedding of the gangster's daughter in Dubai. This indicates a deep connection between the real estate sector and criminal elements.
Arif Abubakar Shaikh, also known as Arif Bhaijaan, provided extensive information to the National Investigation Agency (NIA) about the nexus between Dawood Ibrahim and major builders in Mumbai. However, the police did not follow up on this information, leading to a failure in breaking the nexus.
The murder of Baba Siddique has brought the deep-rooted connections between the real estate industry and the underworld to light. It has prompted a renewed focus on investigating these links to ensure justice and prevent similar incidents in the future.
The Enforcement Directorate has filed a case against real estate developer ATS Group of Companies under the Prevention of Money Laundering Act
The National Institute of Electronics & Information Technology (NIELIT) and the Maharashtra State Board of Technical Education (MSBTE) have signed a Memorandum of Understanding (MoU) to foster collaboration and enhance the quality of technical education a
The House of Abhinandan Lodha (HoABL), a prominent land developer, has announced its strategic entry into the vertical real estate sector with a massive investment of Rs 2500 crore. This move underscores the company's commitment to diversifying its portfolio and tapping into the growing demand for high-rise developments.
Kenneth Andrade, CIO, Old Bridge Mutual Fund, shares his insights on the current market environment, valuations, and sectors to watch out for.
In a major crackdown, the Special Police Team, led by SP DK Rathore, has uncovered a massive scam involving Junior Auditor Ramesh Hingorani. The investigation revealed assets worth ₹80 crore, illegal arms, and a vast real estate empire, all disproportiona
Goans in Southall bring the ancient tradition of reenacting the Passion of Christ to life, preserving their cultural and religious heritage.