In a major diplomatic victory for India, the British government has seized the United Kingdom properties of India's most wanted criminal, Dawood Ibrahim. He fled India post the bombings and is hiding in Pakistan at present, according to PTI reports.
In 2015, Forbes magazine had estimated that the 61-year-old criminal was worth $6.7 billion (more than Rs 42,000 crore).
The UK-based tabloid Birmingham Mail, has reported that Dawood owns a hotel in Warwickshire and other residential properties across the Midlands.
This fugitive gang-lord, who runs "D Company" - a powerful organised crime syndicate - is the son of a Mumbai policeman. His empire reportedly spans 16 countries across five continents.
Dawood, the mastermind of the 1993 Mumbai serial blasts in which 257 were killed, appears on UK's latest list of Financial Sanctions Targets.
The Treasury sanction document lists three recorded addresses for Ibrahim in Pakistan including one sprawling property called The White House near the Saudi mosque in the seaside suburb of Clifton in Karachi Pakistan.
The sanctions prohibit the transfer of funds to anyone on the list and freezes any assets they may hold in the UK.
However, his major money spinners are his illicit business interests which include terror funding, drug trafficking and counterfeiting.
In August, the then-union home secretary Rajiv Mehrishi had said that Dawood is in Pakistan and Islamabad has been creating hurdles in getting him back to India to face the law. It also lists 21 aliases used by the don.
He is listed as a global terrorist by the UN Security Council's ISIS and al-Qaida Sanctions Committee.