Dawood uses ship business to smuggle drugs, arms

July 16, 2012 14:41

Dawood Ibrahim and his aides have a major stake in the multimillion-dollar ship-breaking industry in India, according to an intelligence report by the ministry of defence.

The report says certain Pakistani nationals involved with the D-Company based in London and the UAE have a major stake in the country's ship-breaking industry, investing crores of rupees in the environmentally hazardous industry based in Alang, Gujarat. Intelligence sources said the Pakistani nationals fix deals by paying in hard cash with the collusion of corrupt local officials.

Read the report on the TOI.

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