Dawood Ibrahim's properties auctioned for Rs 11.58 crores

Dawood Ibrahim

Dawood Ibrahim

Interpol Most wanted Underworld Don Dawood Ibrahim's three properties were sold on Monday in the auction and won by the Saifee Burhani Upliftment Trust (SBUT).

The Mumbai-based Saifee Burhani Upliftment Trust (SBUT), an organisation of the influential Dawoodi Bohra community, has emerged as the highest bidder at the auction that was held at a room in the Indian Merchants' Chamber in Churchgate area amid tight security arrangements. This is the second time in nearly two years the ministry is trying to auction Dawood Ibrahim's properites which include Hotel Raounaq Afroz-also known as Delhi Zaika- and two residential premises, Shabnam guest house and six rooms in Damarwala builidng, located on the Pakmodia street.

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The Shabnam Guest house is a two storey building on Yakub Street, Bhendi Bazar. If sources are to be believed, the property was bought in name of Dawood's first wife Mehjabeen.

Damarwala building was home to Dawood Ibrahim and his family members in late eighties. It increased the caution money from Rs 15,000 to Rs 1 lakh for three properties and said if someone creates a ruckus, the amount will be forfeited.

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The Rounaq Afroz restaurant had gone under hammer in 2015. Hence, the property was auctioned again today. The Reserve price kept for the property was Rs 1,18,63,000. This time the ministry sought security for the goal and increased the caution money from INR 15,000 to INR 1,00,000 for three properties. A notice in this regard was also published in newspapers.

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. The act has been imposed in connection with an alleged extortion racket.

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