India: Terrorist Dawood Ibrahim’s Mumbai, Ratnagiri properties set for auction in January 2024

Fugitive designated global terrorist Dawood Ibrahim’s benami properties in Maharashtra’s Mumbai and Ratnagiri are set to be auctioned on January 5, 2024.

The four properties, including bungalows and mango orchards in Khed Taluka of Ratnagiri, were seized under the Smugglers and Foreign Exchange Manipulators Act (SAFEMA).

Govt previously identified & auctioned several properties of Dawood’s family

The government has previously identified and auctioned several properties belonging to Dawood Ibrahim’s family, including a restaurant, which was sold for ₹4.53 crore (USD 543 thousand), six flats sold for ₹3.53 crore (USD 423 thousand), and a guest house that fetched ₹3.52 crore (USD 422 thousand).

In December 2020, Dawood Ibrahim’s assets in Ratnagiri were auctioned for ₹1.10 crore (USD 131 thousand), including two plots and a defunct petrol pump. These properties in Lote village of Khed Taluka were registered in the name of Dawood’s late sister, Haseena Parkar.

A 600 sq feet flat in Nagpada was auctioned in April 2019

A 600 sq feet flat in Nagpada was auctioned in April 2019 for ₹1.80 crore (USD 215 thousand). In 2018, SAFEMA officials had auctioned Dawood’s property at Pakmodia Street with a reserved price of ₹79.43 lakh, which was bought by the Saifee Burhani Upliftment Trust (SBUT) for ₹3.51 crore (USD 421 thousand).

(The article is published under a mutual content partnership arrangement between The Free Press Journal and Connected to India)