Delhi Lawyer acquires Dawood Ibrahim's ancestral property after paying reserve price by 1,300 times in land deal: Report

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Ratnagiri, originally owned by Amina Bi, the mother of fugitive terrorist Dawood Ibrahim. As per a report by the Times of India, the lawyer secured the plots through an auction for a total sum exceeding ₹2 crore. Interestingly, the remaining two plots under Amina Bi's name did not attract any bidders.

Notably, the smallest plot among the four, with an initial reserve price of ₹15,440, was auctioned for over ₹2 crore, marking a substantial increase of approximately 1,300 times the reserve price, TOI reported. In the year 2020, Ajay Srivastava, the lawyer, acquired Dawood Ibrahim's ancestral home in Khed for a sum of ₹11.2 lakh. Also Read: List of Fugitive Economic Offenders in India: Vijay Mallya, Nirav Modi, others “I have set up a Sanatan Dharma Pathshala trust and want to start a hostel for the students of the Sanatan school.

I had also bought the adjoining land from the open market in 2017-18," he told TOI. When questioned about his decision to bid significantly above the reserve price for a plot valued at ₹15,440, Srivastava explained, “The survey number of this land, my birth date and the price I quoted add up to a figure in numerology that works in my favour. In 2020, I bought Dawood's bungalow as well." Also Read: Dawood Ibrahim poisoned in Pakistan? Admitted to hospital in Karachi The auctioned properties are situated in Mumbake village in Khed taluka, a place where Dawood and his siblings spent part of their childhood.

Seven bidders took part in the auction. Srivastava also acquired another property, an agricultural land spanning 1,730 sqm, initially priced at ₹1.56 lakh. In this auction, three individuals participated, and the lawyer successfully secured it for ₹3.3 lakh.