Saifee Burhani trust acquires gangster Dawood Ibrahim's three assets auctioned in Mumbai

Cheryl Sanders
November 15, 2017

This is not the first time in two years that the ministry attempted to auction fugitive don Dawood's properties.

Mumbai-based Saifee Burhani Upliftment Trust (SBUT), an organisation of the influential Dawoodi Bohra community, has emerged as the highest bidder at the auction of three properties belonging to fugitive underworld don and terrorist Dawood Ibrahim. A total of six properties were put up for auction but only three belonged to Dawood.The officials who auctioned the properties said they had kept stringent clauses this time so that bidders who can not pay up later do not enter the bid. "There was active participation in every property". "While the two (bid and the case) are not linked and we are confident that SBUT has plans to carry out cluster development of the area, we are, however, closely tracking the case that is being probed by the Mumbai police", the official added. According to SAFEMA officials Rounaq Afroz restaurant, also known as Delhi Zaika, was sold for Rs 4.53 crore, Damarwala building was sold for Rs 3.53 crore while Shabnam Guest House fetched a price of Rs 3.52 crore.

The Office of Competent Authority and Administrator, SAFEMA/ NDPS, Mumbai had reserved the price of the six flats in Damarwala building at Rs 1.55 crore and of hotel Raunaq Afroz at Rs 1.18 crore. SBUT bid Rs 11.5 crore for all the three properties. These buildings are dilapidated and unfit for living.

The Trust was established by the Late Dr. Syedna Mohammed Burhanuddin (RA) to undertake the redevelopment of one of India's most vibrant but congested locality popularly known as "Bhendi Bazaar".

The public auction was held by SAFEMA at Churchgate and nearly a dozen bidders had turned up for the auction.

He also wanted to acquire Hotel Raunak Afroz to build a toilet there, to spread the message that how terrorism ends.

After Dawood Ibrahim fled, properties belonging to him and his associates were seized under the provisions of SAFEMA. However, the property went in for re-auction, as Balakrishnan, could not cough up R4.28 crore he'd won the property for. However, past auctions of the gangster's properties drew a cold response from bidders, apparently due to fear factor.

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