Dawood Ibrahim's properties worth USD 6.7 billion frozen by British authorities

Indian underworld gangster Dawood Ibrahim's properties were frozen by British authorities on Wednesday. As per reports, assets worth USD 6.7 billion belonging to the wanted underworld don have been seized by British authorities.

Dawood, who Indian agencies claim runs his crime empire from Cliffton area in Karachi, Pakistan, appears on the latest UK Treasury department's Consolidated List of Financial Sanctions Targets, updated last month.

The action against Dawood Ibrahim comes nearly two years after Prime Minister Narendra Modi's UK tour. PM Modi, during his November 12-14, 2015 tour, had reportedly handed over a dossier concerning the underworld gangster to his then British counterpart David Cameron.  

According to Forbes, Dawood Ibrahim is one of the richest gangsters of all time. In 2015, Forbes estimated Dawood Ibrahim's net asset at US$ 6.7 billion. Dawood Ibrahim has his business interests in more than a dozen countries spread over Europe, Africa and South Asia. He has assets worth US 450 million in the UK alone. He is said to have invested in over 50 properties in different countries