Maharashtra

Three Properties Of Dawood Ibrahim Auctioned In Mumbai

  • Three south Mumbai properties belonging to fugitive don Dawood Ibrahim were auctioned for Rs 11.58 crore on 14 Nov, according to an official involved in the process.
  • The properties were put on auction by the ministry of finance, under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act.
  • The three properties are Hotel Raunaq Afroz, also known as Delhi Zaika, Shabnam Guest House and six rooms in Damarwala building.
  • The Saifee Burhani Upliftment Trust was the highest bidder for the three properties, the official said.
  • While the Raunaq Afroz hotel attracted a bid of Rs 4.53 crore, Shabnam Guest House got a bid of Rs 3.52 crore and the rooms in the Damarwala building went for Rs 3.53 crore, he said

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