ED Attaches Pehelwan Kaisar's Assets Worth Over Rs 1 Crore

The Hyderabad Zonal Office of the Directorate of Enforcement (ED) today attached assets worth Rs 1.01 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in a case of extortion & other criminal activities by Mohammed Kaisar alias Pehelwan Kaisar, a rowdy-sheeter of the Habeeb Nagar Police Station.

The ED initiated investigation on the basis of several FIRs registered by the Telangana police against Kaisar & others. The FIRs alleged involvement of Kaisar in several criminal activities including murder, attempt to murder, extortion, gambling, cricket betting and land settlement.

Kaisar started his life as a pickpocket and later became a notorious rowdy-sheeter and amassed huge wealth through criminal activities. He has allegedly been involved in criminal activities for many years. He was externed for one year in 2011, and had also been detained under the Preventive Detention Act.

The ED investigation revealed that Kaisar was involved in numerous criminal activities, and through them had acquired several immovable properties in the name of his wife. Sale considerations for all the said properties, acquired over the years from 2007 to 2020, had been paid entirely in cash.

The investigation revealed that Kaisar and his family did not have the legitimate financial wherewithal to purchase those assets worth crores out of their meagre declared income. The attached assets, immovable properties in Hyderabad acquired in the name of Shaheda Begum, the wife of Kaisar, have a book value of Rs 1.01 crore, but their present market value is expected to be much higher.