Today at an auction in Mumbai three properties belonging to fugitive underworld don Dawood Ibrahim were sold to the Saifee Burhani Upliftment Trust (SBUT) for over Rupees 11.58 crore.
A Smuggling and Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA) official has confirmed that the three properties, which also included a restaurant in Bhendi Bazar, were sold to the SBUT at the auction at the Indian Merchant Chamber office.
— ANI (@ANI) November 14, 2017
“The three properties auctioned on Tuesday should be used to house either government offices or police posts,” the former Director General of Police of Maharashtra.
“The successful auction also shows that the government has the upper hand, compared to the earlier auction attempts when few dared to bid for these properties fearing the gangster’s wrath,” he said.
The Saifee Burhani Upliftment Trust (SBUT) had made the highest bid for the three sealed properties of the fugitive don.
Hotel Raunaq Afroz also known as Delhi Zaika – Shabnam Guest House and six rooms in the Damarwala building were put on auction by the Finance Ministry.
The Raunaq Afroz hotel was sold for over Rupees. 4.5 crore, the Shabnam Guest House went for over Rupees. 3.5 crore and the rooms in the Damarwala building went for around the same price, the official revealed.
The Raunaq hotel is said to be among the first properties purchased by Dawood after he took control of his smuggling business.
The authorities decided to auction these properties in a phased manner. However in the past auctions of the gangster’s properties drew a cold response from bidders, apparently due to the fear factor.
These properties were seized under the SAFEMA almost 15 years ago.
According to sources close to the development, about 12 bidders took part in the process which started at 10 a.m. and concluded at 12 noon.