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Fugitive Gangster Dawood Ibrahim’s Ratnagiri Properties Fetch Rs 1.10 Crore in Auction

Three properties of fugitive gangster Dawood Ibrahim in Maharashtra’s Ratnagiri district have been offered in an public sale for over Rs 1 crore, an official mentioned on Wednesday. The public sale was held earlier this week beneath the Smugglers And Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA), the official mentioned.

Ravindra Kate was the profitable bidder for a plot measuring 30 gunthas, one other measuring 50 gunthas and a constructing, all positioned in Lote village within the Khed tehsil, he mentioned. One guntha is roughly 1,089 sq. toes.

The whole reserve worth for these properties was Rs 1,09,15,500 whereas the profitable bid was for Rs 1,10,01,051, the official mentioned. “The properties are very close to the highway,” extra commissioner of SAFEMA R N D’Souza mentioned.

These belongings have been up for public sale in November together with six different properties of the gangster, however because of some technical situation that they had remained unsold, he mentioned. A couple of extra properties of Ibrahim in Khed tehsil will probably be auctioned off within the coming days, he added.

The course of was performed via e-auction, public public sale and sealed tender public sale, D’Souza mentioned, including that Kate, a resident of Khed, gained these properties in a sealed tender public sale. There have been no takers for the properties of Dawood’s shut aide, late gangster Iqbal Mirchi, because of excessive reserve worth.

“We have despatched these property charges for revaluation, because the market is down as a result of COVID-19 state of affairs. A recent public sale for Mirchi’s properties will probably be performed once more,” D’Souza mentioned.

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