Monday, 20 August, 2018


Three of Dawood Ibrahim's Properties in Mumbai to be Auctioned Today

Underworld don Dawood Ibrahim's properties in south Mumbai auctioned for Rs 11.58 crore Three of Dawood Ibrahim's Properties in Mumbai to be Auctioned Today
Bennie Garza | 14 November, 2017, 13:34

This auction was conducted by the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 by the Ministry of Finance.

All the three properties have been bought by Saifee Burhani Upliftment Trust who, the highest bidder in the auction. The public auction was held by the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) (SAFEMA) at Churchgate in South Mumbai.

The three Mumbai-based properties of underworld don Dawood Ibrahim has been auctioned for more than Rs 11 crore on Tuesday. However, past auctions of the gangster's properties drew a cold response from bidders, apparently due to "fear factor".

Saifee Burhani Upliftment Trust Spokesperson said, "The trust won the auction for Shabnam Guest House, six flats in Damarwala building and a restaurant Rounaq Afroz".

This is the second time in two years the ministry is trying to auction Dawood's properties which include Hotel Raunaq Afroz-also known as Delhi Zaika- Shabnam Guest House and six rooms in Damarwala building, on Pakmodia Street.

The Reserve price kept for present auction is Rs 1 crore 23 lakh, 43 thousand.

The authority plans to sell the first two properties as the buildings are dilapidated and unsafe for occupation. "While the auction failed but that has not deterred us and we have chose to put three of his properties under hammer", a senior official from the Department of Revenue, who spoke on the condition of anonymity, said.

Damarwala building was home to Dawood Ibrahim and his family members in late eighties.

This was done a week after the Thane Police slapped the Maharashtra Control of Organised Crime Act (MCOCA) on Dawood's brother Iqbal Ibrahim Kaskar.

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