Dawood Ibrahim’s Mumbai Property Auctioned

Underworld gangster and criminal Dawood Ibrahim’s Mumbai property named Masulla building also called as Amina Mansion was auctioned to Saifee Burhani Upliftment trust for 3.5 crores. The Akhil Bharatiya Mahasabha and Delhi-based lawyer Bhupendra Bharadwa were the other two bidders for Amina Mansion. Amina mansion gets its name after Dawood’s mother, Amina Bi. The auction was conducted under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA). The reserve price for the Amina Mansion was set at Rs 79.43 lakh, and all bidders had to submit a money deposit (EMD) of Rs 25 lakh by August 6 to participate in the auction.