Dawood Ibrahim's Ancestral Properties in Ratnagiri Auctioned Off

Top Summary

• What happened: SAFEMA successfully auctioned four agricultural plots in Ratnagiri belonging to Dawood Ibrahim's mother, Amina Bi.
• Why it matters: This represents a significant step in seizing assets linked to the fugitive gangster and his illegal activities.
• What changes: The properties are now under new ownership, potentially paving the way for new developments in the area.
• Who is affected: Dawood Ibrahim's family, the local community in Mumbke village, and the buyers of the properties.

SAFEMA Succeeds in Auctioning Dawood's Properties

After multiple failed attempts since 2017, the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA) authorities have successfully auctioned off ancestral properties of fugitive gangster Dawood Ibrahim Kaskar.

The properties are located in Ratnagiri district.

Details of the Auction

On March 5, four agricultural plots registered under the name of Amina Bi, Ibrahim's mother, were auctioned at Mumbke village in Khed tehsil.

The auction attracted two prospective buyers: a Mumbai resident and a local from Ratnagiri district.

SAFEMA officials declined to reveal further details about their identities.

The Winning Bid

All four plots were bought by the Mumbai resident for prices slightly higher than the reserve prices.

The reserve prices of the four plots were ₹9.41 lakh, ₹2.33 lakh, ₹8.08 lakh and ₹15,440, respectively.

Ibrahim's Criminal Past

Dawood Ibrahim Kaskar is allegedly the mastermind behind the devastating terror attacks in Mumbai on March 12, 1993.

These attacks resulted in the deaths of 257 people and injuries to many others.

Previous Auctions

Earlier, in January 2024, Delhi-based lawyer Ajay Shrivastava purchased two of the fugitive gangster’s ancestral properties in an auction.

These properties were also located in Khed tehsil, Ratnagiri district. One of the plots fetched a significant ₹2.01 crore.

 

Shrivastava, who had purchased another land parcel belonging to the gangster’s family in an earlier auction, said he wanted to start a Sanatana Dharma School on the properties.

 

What to Watch Next

It remains to be seen how the new owners will utilize the recently auctioned properties. Further auctions of other assets linked to Dawood Ibrahim may also occur in the future as authorities continue to crack down on his financial network.