WATCH: Demonetisation led to arrest of Dawood's brother, says Maharashtra Police
Authored By Wion Web Desk
Published: Sep 19, 2017, 01:54 IST | Updated: Sep 19, 2017, 01:54 IST
Iqbal Kaskar
Story highlights
Police said Kaskar had been putting pressure on builders to pay up, who could not because of the cash crunch caused by demonetisation
Maharashtra Police are saying it was demonetisation which led to the arrest of Dawood Ibrahim's brother Iqbal Kaskar.
Kaskar was detained by police in Mumbai on Monday.
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Maharashtra Police said Kaskar's Thane gang's extortion operations, which began in 2012, were going smoothly.
And that a number of builders had paid Kaskar in cash or by way of flats or a share of the profit from their projects.
But that demonetisation changed all that.
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After demonetisation, the builders ran into a cash crunch.
They asked Kaskar for more time, who twice extended the time he had given the builders to pay up.
But then Kaskar's patience ran out.
Maharashtra Police said that that is when one builder, out of fear, approached them.