Govt sells Dawood''s property

Shiv Kumar
Tribune News Service
Mumbai, August 10

Yet another property belonging to gangster Dawood Ibrahim has been auctioned by the government under the Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA).

The dilapidated building, Amina Mansion, also known as Masulla building, at Pakmodia street in Bhendi Bazaar purchased by the Saifee Burhani Upliftment Trust (SBUT) for Rs 3.51 crore. The other bidders were the Akhil Bhartiya Mahasabha and Bhupendra Bharadwaj, an advocate
from Delhi. However, they did put up the Earnest Money Deposit of Rs 25 lakh and their bids were considered invalid.

SBUT, which is developing the Bhendi Bazaar area under the Maharashtra government's cluster development plan, said it would rehabilitate tenants living in the building. The Brihanmumbai Municipal Corporation had certified the building dangerous for human habitation.

Last year, SBUT purchased three properties belonging to the gangster for Rs 11.58 cr at a similar auction under SAFEMA.