For the second time in two years, three properties belonging to underworld don Dawood Ibrahim were up for auction today by the Ministry of Finance and all three properties were bought by the 'Saifee Burhani Upliftment Trust'.
The properties included Raunaq Afroz — now called Delhi Zaika, Shabnam Guest House and six rooms in Damarwala building, on Pakmodia Street. The auction took place at Kelachand Conference room, IMC building at Churchgate. Two properties were auctioned for INR 3.5 Crore and Raunaq Afroz for INR 4.52 Crore.
This auction was conducted by the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 by the Ministry of Finance. This time the ministry sought security for the purpose and increased the caution money from INR 15,000 to INR 1,00,000 for three properties.
The SAFEMA administrator had issued a newspaper advertisement for a public auction of all the six properties inclusive on November 14 with a total reserve price of INR 5.54 crore. “The Damarwala building near Bhendi Bazaar, the old residence of Dawood until he fled was bought by Amina Bi, Dawood's mother, and Kaskar from Abdul Hussain Damarwala in the 1980s," said a tenant. All three properties fall under a 2 sq. km radar of Bhendi Bazaar, Dongri and Mohammad Ali Road that has been the operational area of Dawood for decades.
A source from the Ministry of Finance told that three other properties, The Dadriwala chawl, Mazgaon flat and Aurangabad factory plot will also be put up for auction in the future.
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