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Why even after buying Dawood Ibrahim’s properties you may not get possession

The eatery, Delhi Zaika, is priced at Rs 1.18 crore.

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Among those, Ajay Shrivastava, a Delhi-based lawyer won a bid for an industrial unit of Dawood, who owned it in 2001.

The properties include an eatery on Pakmodia Street where Dawood lived in 1980s, tenancy right of a room in a building in Matunga and a auto gathering dust in the premises of a police station in Ghatkopar.

A Hyundai Accent vehicle, having a reserve price of around Rs.15,000, was acquired by All India Hindu Mahasabha president Swami Chakrapani. Now the appropriate authorities are selling those, under the Smugglers & Foreign Exchange Manipulators (Forfeiture of Properties) Act.

The properties, taken into custody many years ago, make up merely a title fraction of Ibrahim’s net assets, while, for $60, bidders can only hand on a care Ibrahim reportedly owned.

A former municipal corporator, Balakrishnan, bid for the prime property on behalf of his non-governmental organisation – Desh Seva Samiti – that works for child welfare and women empowerment.

Dhananjay Kulkarni said local police force will be deployed at the site and we will keep a watch at the event. The 32.77 square-metre room in Matunga is worth Rs 50.44 lakh. But 14 years since, the lawyer is yet to be given the property as the fugitive’s late sister Hasina Parkar had challenged his claim in court. Income Tax authorities have earlier put 11 properties on auction four times since the 1993 bombings but with little success. What happened to you? It will be named after great patriot Ashfaqullah Khan.

When asked about funding for the property, which he has to manage within a month, Balakrishnan said he would arrange money from the common people of the country. “He should be the role model for kids, not Dawood”, he said.

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Earlier, Balakrishnan had filed a complaint with the police saying that Dawood’s right-hand man Chhota Shakeel had threatened him against bidding for the property.

India to auction Dawood Ibrahim car for as little as $60