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India Moves to Auction Properties Linked to 1993 Mumbai Blasts Accused Tiger Memon

Government valuation of eight seized assets clears the way for auctions as early as December.

Overview

  • SAFEMA has received details of 17 properties tied to Tiger Memon and his family from the special TADA court.
  • Authorities have taken possession of eight assets, including three flats in Mahim’s Al Husseini building identified by the CBI as a conspiracy meeting site.
  • Four properties remain under dispute in court, and five others are in the process of being seized by the government.
  • A 10,000-square-metre land parcel in Vakola valued at about Rs 400 crore is encroached, and SAFEMA has not yet secured possession.
  • An appeal is pending over four Manish Market shops jointly owned by Tiger Memon and Mohammad Dosa, delaying their transfer to SAFEMA.