One of the three properties that belong to the absconding underworld don Dawood Ibrahim and his family is set to be auctioned by the Union finance ministry on August 9. The ministry has already sought bids from interested parties for the property that is situated on the Pakmodia Street in Mumbai.

According to a notice of tender published by the ministry in newspapers, Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (Safema) would be used for the auctioning off the property – the Masulla Building in the Bhendi Bazaar area in central part of the city. The government has also announced a reserve price of Rs 79.43 lakh for the property.

The notice also states that any interested party also has to submit the earnest money which has been set at Rs 25 lakh and is to be deposited by 6 August.

The YB Chavan auditorium would be the venue for the auction of the property and the auction would be conducted in three ways – e-auction, public auction, and sealed tenders on 9 August.

In connection to three other properties of Dawood that were put up for sale last year, the highest bidder was the Saifee Burhani Upliftment Trust and has quoted Rs 11.50 crore.

For the auction of nine properties located in Mumbai, Aurangabad, Valsad, Daman, Surat and Ahmedabad of Dawood, the government has used the Safema Act for inviting bids.

This move of auctioning off the properties was taken following a direction by the Supreme Court on April 20 directing the government to take possession of the properties of Dawood. The court order follows a legal suit that was filed by Amina Bi Kaskar and Haseena Parkar – the mother and sister of Dawood where the duo essentially challenged attachment of the properties owned by them in Mumbai as “proceeds of crime” by the Enforcement Directorate and other agencies.

The Supreme Court had ordered the government to croak at least seven properties situate din prime locations which included flats in Mumbai’s Nagpada area.

The government had sealed the properties way back in 1988 under the Safema laws. This was challenged by Dawood’s mother and sister.

The sealing of the properties had been upheld by the Safema tribunal in 1998 and then by the Delhi High Court in 2012.

The Safema Act was used in November 2017 by the government to sell off three of the properties of the underworld don situated in south Mumbai which were the Hotel Raunaq Afroz, also known as Delhi Zaika, Shabnam Guest House and six rooms in Damarwala building. The auction had fetched Rs 11.58 crore for the government.

All of the three properties are in very bad shape and come under the ongoing Bhendi Bazaar redevelopment project.

Dawood Ibrahim Kaskar – or Dawood as he is known, is the prime accused in the Mumbai serial blast case of 1993 in which there was death of more than 150 people. It is believed that the underworld don now resides in Karachi, Pakistan.

The don also reportedly has huge properties that are spread across multiple countries apart from India including Britain, Spain, Morocco, Turkey, Australia, Cyprus and the UAE

(Adapted from MoneyControl.com)