Dawood Ibrahim's properties auctioned for Rs 11.58 crores

Dawood Ibrahim

Dawood Ibrahim

The Ministry of Finance through the SAFEMA administration began the auction process of six properties, including three allegedly belonging to fugitive underworld don Dawood Ibrahim, at 10 AM Tuesday.

The Raunaq Afroz hotel was sold for over Rs 4.5 crore, the Shabnam Guest House went for over Rs 3.5 crore and the rooms in the Damarwala building went for around the same price, the official revealed.

The three properties, which are described as decrepit and unfit for living, would be refurbished, said the Saifee Trust in a statement.

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All the three properties have been bought by Saifee Burhani Upliftment Trust who, the highest bidder in the auction.

The reserve price for the three properties are Rs 1.21 crore, Rs 1.55 crore and Rs 1.18 crore respectively.

The Raunaq hotel is said to be among the first properties purchased by Dawood after he took control of his smuggling business. The six flats in Damarwala building were home to Dawood Ibrahim and his family members in the late eighties. Dawood used to stay at Damarwala Building with his family till he fled the country in 1986. The auction of the properties has never been an easy task for the government. During the auction carried out in 2015, there was intelligence input that the gangsters of Dawood gang were watching us round the clock. This time Authorities have done the bidding in the phased manner. During the previous auction, though, Swami Chakrapani had bought a vehicle belonging to Dawood Ibrahim for Rs 32,000 and set it on fire it on the outskirts of Delhi. Chakrapani had also expressed his eagerness to acquire the Rounaq Afroz - to build a public toilet in the area under the Prime Minister's Swachh Bharat Mission.

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