Dawood's 3 properties in Mumbai auctioned for Rs 11.58 crore

Adjust Comment Print

The three properties belonging to Dawood Ibrahim which will be auctioned on Tuesday have been identified as - Ronak Afroz Restaurant, Damarwala Building and Shabnam Guest House.

Shabnam Guest house, a double-storey structure in Yakub street which was occupied by Dawood's younger siblings- Haseena and Iqbal.

The ministry of finance, which auctions property under Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976, has put up three of underworld don Dawood Ibrahim's properties for auction again on Tuesday, seeking security for the objective this time.

Ibrahim's close aide, Kaskar, after being released from jail was staying in this building and conducting operations of D Company. The earnest money for the properties are Rs 48.58 lakh, Rs 62.40 and Rs 23.72 lakh. In 2015, Hotel Rounak Afroz had gone under the hammer for 4.28 crore. However, the bidder could not arrange the bid amount then. "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.

Dawood Ibrahim is now in Pakistan.

Balakrishnan had also claimed that he received a threat asking him to withdraw from the auction.

"Each property would be sold to the highest bid/bidder among all the three methods, provided the highest bid is equal to more than the Reserve Price".

In the advertisement, the government listed five properties, of which two belong to the underworld don. "The building was bought by Amina Bi, Dawood's mother, and Kaskar from Abdul Hussain Damarwala in the 1980s", said a tenant. The act has been imposed in connection with an alleged extortion racket.