Trust wins auction of Dawood's three properties


Three south Mumbai properties belonging to fugitive don Dawood Ibrahim were auctioned for Rs 11.58 crore today, according to an official involved in the process.

This auction was conducted by the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 by the Ministry of Finance. A second property in Damarwala was sold for Rs 3.53 crore while Shabnam Guest House fetched a price of Rs 3.52 crore. "We are participating only because the buildings are important for a complete redevelopment", said a source from SBUT.The authority plans to sell the first two properties as the buildings are dilapidated and unsafe for occupation.

A spokesperson of SBUT said, "Saifee Burhani Upliftment Trust has won the auction for three properties of Dawood Ibrahim". The total reserve price of these three properties was Rs 3.95 crore and SBUT has acquired them for almost thrice the (reserve) amount at Rs 11.06 crore. Dawood purchased it when he took over Mastan's smuggling empire and renamed it Hotel Delhi Zaika.

"The Damarwala building near Bhindi Bazaar, the old residence of Dawood until he fled was bought by Amina Bi, Dawood's mother, and Kaskar from from Abdul Hussain Damarwala in the 1980's,"said a tenant". The auction of the properties has never been an easy task for the government.

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A senior official from the Revenue Department, who did not wish to be named, said, "The acquisition and auction of the properties have always been hard tasks". In 2015, Hotel Rounak Afroz had gone under the hammer for 4.28 crore.

Dawood Ibrahim is now in Pakistan.

He also wanted to acquire Hotel Raunak Afroz to build a toilet there, to spread the message that how terrorism ends.