Iqbal Kaskar, Chhota Shakeel’s financier Pankaj Gangar arrested: 5 key things about underworld fundraiser
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The Maharashtra police have achieved a major success by arresting Pankaj Gangar. He was known to be a financier of underworld gangsters including Iqbal Kaskar and Chhota Shakeel.
The Thane Anti-extortion Cell has arrested a key operative of the Iqbal Kaskar and Chhota Shakeel gang. Identified as Pankaj Gangar, he has been known to be financing the underworld gangs for years.
This is the fourth arrest in two cases of extortion registered against gangsters Iqbal Kaskar and Chhota Shakeel. The investigating team had been on a manhunt to nab the accused for quite some time.
According to Thane police, Chhota Shakeel would rope in shooters and some new members for extortion operations of the gang and other activities. Gangar would regularly provide funds for the gang and this helped the gang in arranging arms and ammunition and recruiting new members.
The recent cases registered with Thane police where two shooters Guddu and Shammi are wanted were reportedly paid for their services for the gang by funds provided by Gangar. It is also being probed whether Gangar benefited from the extortion operations.
Pankaj Gangar alias Pankaj Shah, 54, a key associate of Matka King Pappu Sawla was arrested by unit-3 of Mumbai crime branch in 2008 from Kandivli for providing financial assistance to don-turned-politician Arun Gawli.
Gawli had planned and executed the murder of BMC Corporator Kamlakar Jamshandekar in 2006 and the finance for the same was reportedly provided by Gangar and his associate Pappu Sawla. Gangar and Sawla were later acquitted in the case while Gawli was sentenced to life imprisonment by the MCOCA court.
Gangar ran the Worli Matka with Pappu Sawla. Police sources say it was Gangar who was said to be the mastermind while Sawla was the front man. Gangar had earlier been arrested along with Sawla for the 1997 murder of Vasant Shah, step brother of matka king Suresh Bhagat. Vasant Shah’s murder had helped Sawla and Gangar reign and control the Worli Matka and other such betting operations in western suburbs.
A very smart player, Gangar and Sawla are said to have made hundreds of crores while running the matka operations and later diversified their business into the construction industry. They have been partners and developers in numerous projects across Borivali, Malad, Kandivali and nearby suburbs