Dawood Ibrahim's ancestral property to be auctioned

FPJ Web DeskUpdated: Tuesday, June 18, 2019, 11:58 AM IST
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Underworld don Dawood Ibrahim's ancestral property will soon be auctioned. The property is located in Khed Taluka of Ratnagiri district.

According to DNA, Smuggling and Foreign Exchange Manipulators (Forfeiture of Property Act) (SAFEMA), which comes under the Ministry of Finance has sent officers from Mumbai to Dawood's ancestral village. The officials from Mumbai are accompanied by valuation officers from Solapur. A senior SAFEMA official told the leading daily, The officials from Mumbai and Solapur will now be evaluating the property. The total land covered by the bungalow and the compound has to be taken into consideration before deciding on the property's current price."

The report further states that the bungalow is not in a good shape now and was constructed by Dawood's father Ibrahim Kaskar, who was then employed with the Mumbai Police. Earlier in 2018, SAFEMA had auctioned Dawood's property named Amina Mansion and located in Pakmodia street, which was won by the Saifee Burhani Upliftment Trust (SBUT) for Rs 3.51 crore. Later, SAFEMA also auctioned a flat measuring 600 sq ft, located at Gordon Hall Apartments in Nagpada, that belonged to Dawood's sister Haseen Parkar, for Rs 1.80 crore.

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