When Justice Rajendra Narine ordered the sale of properties owned by the Jamat-al-Muslimeen to pay a debt to the state, he also agreed to a 14-day stay pending an appeal.Court documents show that the debt accumulates thousands of dollars in interest daily and has now crossed $40 million. Bakr’s debt was $31.6 million February 6, 2006, with interest of $6,480.30 a day.
The 11 properties that the judge ordered to be auctioned to pay the debt were valued at 2006 at around $23 million, the Trinidad Guardian reported.
The Guardian says properties to go on the auction block include:
- Five-and-a-half acres of land owned by Bakr and his nephew Gary Phillip in La Puerta in Diego Martin, and a building belonging to Bakr’s wife Anisa Abu Bakr that's on the land
- A two-storey apartment complex at Dibe, Long Circular, St James
- A Building at 10 Park Avenue, Queen’s Park Savannah on a lot of land jointly owned Bakr and former Jamaat member Ahamad Ali
- Four parcels of land in Indian Trail
- A plot of land in Marabella
- A small parcel of land in Mayaro
- Land in Diego Martin
- Land at Las Cuevas
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