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Underworld don Dawood Ibrahim's properties in south Mumbai auctioned for Rs 11.58 crore
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MUMBAI, Nov 14 (Agencies): Three south Mumbai properties belonging to fugitive underworld don Dawood Ibrahim were on Tuesday auctioned for Rs 11.58 crore.

Agencies quoted an official, which confirmed that Dawood's properties in South Mumbai were auctioned through a legal 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.

The trust won the auction for Shabnam Guest House, six flats in Damarwala building and a restaurant Rounaq Afroz: Saifee Burhani Upliftment Trust Spokesperson

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.

The Centre has sometimes back taken a decision to sell off several properties belonging to underworld don Dawood Ibrahim. A notice in this regard was also published in newspapers.

In the advertisement, the government had listed five properties, of which two belong to the underworld don.

This was done a week after the Thane Police slapped the Maharashtra Control of Organised Crime Act (MCOCA) on Dawood’s brother Iqbal Ibrahim Kaskar.

Procuring bail under this act becomes a stringent task. The act has been imposed in connection with an alleged extortion racket.

A Thane-based builder was allegedly forced to pay Rs 30 lakh and four flats to Iqbal Kaskar's gang.


News Updated at : Tuesday, November 14, 2017
 
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