Mumbai: Three south Mumbai properties
belonging to fugitive don Dawood Ibrahim were auctioned for Rs
11.58 crore today, 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.
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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.
PTI
