Village properties of Dawood Ibrahim kin auctioned for over Rs 2 crore

Two out of four properties belonging to the kin of absconder terrorist-mafia don Dawood Ibrahim Kaskar in Maharashtra's Ratnagiri district were auctioned off on Friday evening for a total amount of over Rs 2 crore to an unidentified buyer, officials said.

The two properties are a plot of land measuring around 171 sq m with a reserve price of Rs 15,440 which went under the hammer for Rs 2.01 crore, and another plot of agricultural land of 1,730 sq m with a reserve price of Rs 1.56 lakh that went for Rs 3.28 lakh.

There were no bidders for the two larger farm plots — one measuring 10,420.5 sq m with a reserve price of Rs 9.40 lakh and another measuring 8,953 sq m with a reserve price of Rs 8 lakh.

All the properties are situated in Mumbake village in Khed taluka of Ratnagiri where Dawood (67) and his siblings spent their early childhood before moving to Mumbai in the late 1970s.

The auction of these seized agricultural properties was held in Mumbai under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA) under the Union ministry of finance, the NDPS Act 1985 and the Prohibition of Benami Property Transaction Act 1998.