A trust has won auction of underworld don Dawood Ibarahim's three properties.
The auction was carried out by Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) (SAFEMA).
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.
This is not the first time in two years that the ministry attempted to auction fugitive don Dawood's properties.
This was done a week after the Thane Police slapped the Maharashtra Control of Organised Crime Act (MCOCA) on Dawood's brother Iqbal Ibrahim Kaskar. He also lost Rs 30 lakh he had given as deposit for the auction. Dawood used to stay at Damarwala Building with his family till he fled the country in 1986. Hotel Raunak Afroz, initially belonged to Haji Mastan.
The Appellate Tribunal for Forfeited Property had cleared the takeover of the properties by the government under the provisions of SAFEMA and this cleared the deck for auction. "We want the new owners to be serious buyers who will see to it that the tenants are rehabilitated and the buildings are redeveloped", said the officer.SERIOUS BIDS ONLYTo ensure that only serious buyers participate in the auction, the competent authority has invoked a clause that allows it to prosecute anyone who stalls the auction.
Sources said that the properties are liksely to be auctioned through three methods - the sealed tender, public auction and e-auction.
Damarwala building was home to Dawood Ibrahim and his family members in late eighties. Veteran journalist S Balakrishnan had a;sp bid for the hotel in 2015, but he failed to arrange the funds.