3 DA­WOOD IBRAHIM PROP­ER­TIES SOLD

MUM­BAI AUC­TION Saifee trust wins bid held un­der tight se­cu­rity at the In­dian Mer­chant Cham­bers

Hindustan Times (Jalandhar) - - NEWS - Rahul Ma­ha­jani rahul.ma­ha­jani@hin­dus­tan­times.com

Three prop­er­ties of un­der­world don Da­wood Ibrahim in Mum­bai were auc­tioned for around ₹11 crore on Tues­day. All the prop­er­ties — Shab­nam Guest House, Da­mar­wala build­ing and Ho­tel Rau­naq Afroz — were won by Saifee Burhani Up­lift­ment Trust. The prop­er­ties were seized af­ter the 1993 blasts in which Ibrahim is a wanted ac­cused.

MUM­BAI: The gov­ern­ment on Tues­day took an­other step to­wards sti­fling D-Com­pany’s op­er­a­tions in the coun­try and end­ing his clout on Pak­modia Street by auc­tion­ing off three prop­er­ties of Da­wood Ibrahim for over ₹11 crore in Mum­bai.

All the three prop­er­ties were won by Saifee Burhani Up­lift­ment Trust (SBUT) in an auc­tion or­gan­ised by Com­pe­tent Au­thor­ity (CA) un­der the Smug­glers and For­eign Ex­change Ma­nip­u­la­tors (For­fei­ture of Prop­er­ties) Act, 1976, con­ducted by com­pe­tent au­thor­ity P Sel­va­ganesh and R N De­souza, joint com­mis­sioner. The prop­er­ties were seized since 1993 se­rial blasts ac­cused Da­wood is still wanted.

As a pre­cau­tion­ary mea­sure, of­fi­cials of Mum­bai po­lice and sev­eral other agen­cies kept tab on the pro­ceed­ings in and around In­dian Mer­chant Cham­bers (IMC), the venue of the auc­tion.

The SBUT pur­chased Shab­nam Guest House, a dou­ble-sto­ried build­ing on Yakub Street for ₹3 crore. Flat num­bers 18-20, 25,26 and 28 of the Da­mar­wala Build­ing, and houses 34-40 on Pak­modia Street and Yakub Street, where Iqbal Kaskar and his late sis­ter Haseena Parkar used to re­side was auc­tioned for ₹3.52 crore and the Ho­tel Rau­naq Afroz on went for ₹4.52 crore.

A for­mer jour­nal­ist raised the high­est bid of ₹4.28 crore for the ho­tel in 2015, but was un­able to de­posit the sum in the stip­u­lated time.

The of­fi­cials who auc­tioned the prop­er­ties said they had kept strin­gent clauses this time so that bid­ders who can­not pay up later do not en­ter the bid.

As per of­fi­cials, the SBUT will now have to pay 25% of the amount within 30 days and the full amount within 90 days.

The SBUT had submitted bids through e-auc­tion, sealed ten­ders and had sent rep­re­sen­ta­tives for pub­lic bid­ding if the need arises. The sealed bid submitted by SBUT won the bids, of­fi­cials said.

An SBUT spokesper­son said the three prop­er­ties fall un­der their Bhendi Bazaar re­de­vel­op­ment project. “These build­ings are in di­lap­i­dated con­di­tion . To en­sure the safety of the fam­i­lies liv­ing in these build­ings and to carry on with the re­de­vel­op­ment project, we ac­quired these prop­er­ties,” their state­ment read.

OF­FI­CIALS SAID THEY HAD KEPT STRIN­GENT CLAUSES THIS TIME SO THAT BID­DERS WHO CAN­NOT PAY UP LATER DO NOT EN­TER AUC­TION

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.