Mumbai: The killing of Dubai-based businessman Sharad Shetty in the Emirates will deal a big blow to the Mumbai underworld and have an enormous effect on the Dawood Ibrahim group, a senior official of the Mumbai police said on January 20.

"This is an important happening. This has dealt a big blow to the Mumbai underworld and would have enormous effect on the D-group," Sridhar Vagal, Joint Commissioner (Crime branch), Mumbai police said.

"No gang will benefit much from this murder. They kill each other and try to usurp power from each other. We will keep an eye on any possible fall out of this development," Sridhar said when asked whether any particular gang is going to be benefited.

When asked about the possible motive for Shetty's murder, he said there were two theories.

"One, Chhota Rajan group has sought revenge as Shetty hatched a conspiracy against them. Secondly, internal factors of Dawood group may be at work," Sridhar added.

PTI