Dawood Ibrahim's Mumbai properties successfully auctioned

Last Updated: Tue, Nov 14, 2017 15:48 hrs
Dawood Ibrahim

Mumbai: Fugitive mafia don Dawood Ibrahim Kaskar's three prime properties in south Mumbai finally found a buyer on Tuesday -- the Saifee Burhani Uphliftment Trust (SBUT), run by the Dawoodi Bohra community, an official said here.

"Yes. We submitted bids and have won the auction for the three properties which fall within the redevelopment jurisdiction of the SBUT. We shall now complete the remaining formalities," a SBUT spokesperson told IANS.

The properties to be acquired by the Trust include a restaurant, Hotel Raunaq Afroz, also known as Delhi Zaika, Shabnam Guest House and six tenements in Damarwala Building, all falling within one kilometre radius in the congested Bhendi Bazar area.

According to ABP News, the SBUT won the bid for Rs 9 crore. The Mumbai office of Smugglers and Foreign Exchange Manipulators (SAFEMA) Forfeiture of Properties Act, which carried out the auction, was flooded with queries from several prospective buyers. This also included a Hindu Maha Sabha and a council of Supreme Court.

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