Dawood Ibrahim's properties auctioned for Rs 11.58 crores


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 three properties are Hotel Raunaq Afroz, also known as Delhi Zaika, Shabnam Guest House and six rooms in Damarwala building.

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.

"These buildings are in dilapidated condition and unfit for living".

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Saifee Burhani Upliftment Trust had bid the maximum amount for all the three properties. SBUT bid Rs 11.5 crore for all the three properties.

His brother Iqbal has reportedly provided Dawood's addresses in Karachi. He allegedly lived there with this family before leaving the country in 1986.

In the advertisement, the government listed five properties, of which two belong to the underworld don.

A senior official from the Revenue Department, who did not wish to be named, said, "The acquisition and auction of the properties have always been hard tasks. However, it could not succeed back then".

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The Rounaq Afroz restaurant had gone under hammer in 2015. But the auction couldn't take place. After that, his properties were seized under SAFEMA (Smuggling and Foreign Exchange Manipulation ACT).

The authorities later made a decision to auction these properties in a phased manner. However, there was no response to the auction on previous occasions.

Dawood Ibrahim is the mastermind of the 1993 Mumbai serial blasts in which 257 were killed.

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