An aide of gangster Chhota Shakeel is believed to be behind the murder of fake currency operator Majid Manihar in Nepal.
Zamim Shah, an alleged ISI man and fake currency operator who was once worth Rs 400 crore, had the means and resources to eliminate Mahinar, according to Indian agencies and reports coming in from Nepal.
The Indian police had been on the lookout for Manihar, who was found dead in a hotel at Nepalganj in Nepal on October 6. His son Vicky Manihar is in custody of the Uttar Pradesh Police.
“Majid was an ally who had fallen foul of Shah, a friend of the royal family, three years ago. He had taken several high value consignments from Shah but never paid back,” said a source in the UP police.
Majid, sources said, was on the backfoot but the tables turned when Maoists took control of the Himalayan kingdom.
The new rulers targeted Prince Paras’ personal friend Shah and his business — the Space Time Networks. Shah who watched his Rs 400-crore empire dwindle blamed Manihar.
“He had his reasons to believe that — for Manihar was once the biggest arms supplier to the Maoists,” said a source.
In the last year as things became worse Manihar was toying with the idea of giving himself up to Indian security agencies. According to what Vicky told the UP police, Manihar had become a liability both in the underworld and the ISI.
“He probably knew too much and his switching loyalty meant collateral damage to the fake currency network,” said the sources. “His unpopularity, animosity with Shah, fiddling with other dealers and growing closeness to security agencies on this side all contributed to his end.”
Zamim and his brother Salim Shah are originally from Kashmir and smuggled in gold. It is believed Zamim’s cable network and real estate business are smokescreens for underworld don Dawood Ibrahim’s fake currency racket and drug dealings.
Zamim is also said to be behind the rioting that followed actor Hrithik Roshan’s alleged comments about Nepalis in December 2000.