3 PROP­ER­TIES OF DA­WOOD IBRAHIM AUC­TIONED FOR ₹11.58 CRORE

Hindustan Times (Lucknow) - - Nation - let­ters@hin­dus­tan­times.com

MUM­BAI: Three south Mum­bai prop­er­ties be­long­ing to fugi­tive don Da­wood Ibrahim were auc­tioned for ₹11.58 crore on Tues­day, ac­cord­ing to an of­fi­cial in­volved in the process.

The prop­er­ties — Ho­tel Rau­naq Afroz, also known as Delhi Zaika, Shab­nam Guest House and six rooms in Da­mar­wala build­ing — were put on auc­tion by the min­istry of fi­nance, un­der the Smug­glers and For­eign Ex­change Ma­nip­u­la­tors (For­fei­ture of Prop­erty) Act.

The Saifee Burhani Up­lift­ment Trust (SBUT) was the high­est bid­der for the three prop­er­ties, the of­fi­cial said.

While the Rau­naq Afroz ho­tel at­tracted a bid of ₹4.53 crore, Shab­nam Guest House got a bid of ₹3.52 crore and the rooms in the Da­mar­wala build­ing went for ₹3.53 crore, he said.

The prop­er­ties were taken over by the gov­ern­ment af­ter the March 1993 Mum­bai se­rial bomb blasts and put on the auc­tion block at least thrice in the past, in­clud­ing the last un­suc­cess­ful at­tempt two years ago.

“These build­ings are in a di­lap­i­dated con­di­tion and are un­fit for liv­ing. There­fore, to en­sure the safety of the fam­i­lies liv­ing there and to carry on with the re­de­vel­op­ment project, we par­tic­i­pated in the bid­ding and ac­quired these prop­er­ties,” the SBUT spokesper­son added.

Fugi­tive un­der­world don Da­wood Ibrahim.

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