India, Aug. 7 -- A metropolitan magistrate court on Wednesday remanded businessman Abdul Kader Ali Mohammad, arrested for allegedly encroaching upon and demolishing a defunct cinema hall seized by the Enforcement Directorate (ED) in a money-laundering investigation against the late drug trafficker Iqbal Mirchi, to two days' police custody.

The VP Road police station had sought three days' custody, stating that Kader had illegally claimed ownership of the defunct New Roshan Talkies in Khetwadi, demolished it despite knowing it was a seized property, executed a Rs.15-crore sale agreement, accepted Rs.99 lakh as token money, and sold scrap material from the site for Rs.5 lakh-all without supporting documents.

However, the court granted the...