Dawood Ibrahim heard boasting in phone tap?

Some TV channels were abuzz on Friday night with reports of Dawood Ibrahim being caught on tape talking to his business associates in Dubai by a western intelligence agency.

If true, it could be a crucial piece of evidence against India's most wanted fugitive. The satellite surveillance by the agency reconfirms Dawood's location as the posh Clifton area of Karachi.

Dawood admits he has 5 lakh sq ft property worth Rs 1,100 crore in Dubai. He also boasts that he has benami property worth several hundred crores in Karachi.