Three properties of Underworld Don, Dawood Ibrahim, sold to SBUT

Three properties of Underworld Don, Dawood Ibrahim, sold to SBUT

Three properties belonging to fugitive underworld don Dawood Ibrahim were sold to the Saifee Burhani Upliftment Trust (SBUT) for over Rs 11 crore at an auction in Mumbai today. Out of the six, SBUT was the highest bidder. The SAFEMA, in consultation with the district valuation officer of the Income-Tax department, had fixed the reserve price at Rs. 1.21 crore, Rs. 1.55 crore, and Rs. 1.18 crore for the Shabnam Guest House, the rooms in Damarwala Building and Hotel Raunaq Afroz, respectively. The trust won the auction for the Shabnam Guest House, six flats in Damarwala building and a restaurant Rounaq Afroz, said a spokesperson of the Saifee Burhani Upliftment Trust. The Ministry of Finance auctioned the property under Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976.

"These buildings are in a dilapidated condition and unfit for living. These buildings will be redeveloped under the project for the safety of families living there". "We had said earlier if anyone created a "ruckus", his earnest money and caution money would be forfeited and the person would be prosecuted", said a source. But they were disqualified by SAFEMA authorities as it failed to deposit the earnest money in time.

They were taken over by the government after the March 1993 Mumbai serial bomb blasts and were put on the auction block at least three times in the past, including an unsuccessful attempt two years ago.

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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The first and third floor apartments in Damarwala building is Dawood's ancestral property, where he stayed with this family before fleeing the country in 1986. "If I get to know about any Dawood property auction in future, I will come and participate". Even now, security remains a major concern.

Sources said that the properties are liksely to be auctioned through three methods - the sealed tender, public auction and e-auction. In 2015, when we carried out the auction, there were intelligence inputs that the D-gang was watching our every move. "However, it could not succeed back then".

Officials said that the Rounaq Afroz restaurant, also known as Delhi Zaika, was sold for Rs 4.53 crore.

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