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The ‘Indian national’, who is the second richest criminal after Pablo Escobar, is said to own a hotel in Warwickshire, apart from other residential properties across the Midlands that are estimated to be worth $6.7 billion (Rs 43,550 crore), reports Birmingham Mail.

Reacting to the report, Union Minister V K Singh told reporters in Kerala, "We will not talk about Dawood at all. Certain things are happening. We can't let the cat be let out of the bag," media reports quoted him as saying.

Dawood, the prime accused in the 1993 Mumbai serial blasts in which 260 people were killed, reportedly runs  his crime empire from Pakistan's Karachi. He appears on the latest UK Treasury department's Consolidated List of Financial Sanctions Targets, updated last month.

He is listed as a global terrorist by the UN Security Council's ISIS and al-Qaida Sanctions Committee.

The action against Dawood comes nearly two years after Prime Minister Narendra Modi's  2015 UK tour when he 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.