Thursday, Nov 23, 2017 | Last Update : 03:00 PM IST

Dawood's 3 properties in Mumbai auctioned for Rs 11.58 crore

PTI
Published : Nov 14, 2017, 3:06 pm IST
Updated : Nov 14, 2017, 5:43 pm IST

Properties were auctioned 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. (Photo: File)
 The three properties are Hotel Raunaq Afroz, also known as Delhi Zaika, Shabnam Guest House and six rooms in Damarwala building. (Photo: File)

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

Tags: dawood ibrahim, smugglers and foreign exchange manipulators (forfeiture of property) act, properties auctioned, saifee burhani upliftment trust
Location: India, Maharashtra, Mumbai (Bombay)