Dawood Ibrahim's properties auctioned for Rs 11.58 crores

Lester Mason
November 14, 2017

The three Mumbai-based properties of underworld don Dawood Ibrahim has been auctioned for more than Rs 11 crore on Tuesday.

Shabnam Guest House is a two-storey building on Yakub Street, Bhendi Bazar.

Of the six properties being auctioned by the competent authority, SAFEMA, Mumbai, three properties located in Bhendi Bazaar belonged to fugitive gangster Dawood Ibrahim, and have caught the interest of the Saifee Burhani Upliftment Trust (SBUT) that is redeveloping Bhendi Bazaar.

Hotel Raunaq Afroz, now know as Delhi Zaika, was one of the first properties purchased by Dawood when he took control of the smuggling business from his mentor, Haji Mastan. The SAFEMA administrator has issued a newspaper advertisement for public auction of six properties on November 14 with a total reserve price of Rs 5.54 crore. Ibrahim's close aide, Kaskar, after being released from jail was staying in this building and conducting operations of D Gang.

The Reserve price now kept for the property Rs 1 crore 55 lakh 76 thousand.

Ronak Afroz restaurant went under hammer in 2015. "While the auction failed but that has not deterred us and we have made a decision to put three of his properties under hammer", a senior official from the Department of Revenue, who spoke on the condition of anonymity, said.

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

The Reserve price now kept for the property is Rs 1 crore 18 lakh 63 thousand.

Dawood Ibrahim is now in Pakistan. Officials said Iqbal Kaskar had provided the addresses of four residences belonging to Dawood Ibrahim in Karachi.

Procuring bail under this act becomes a stringent task.

Other reports by Iphone Fresh

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