3 prop­er­ties of Da­wood auc­tioned in Mum­bai

Financial Chronicle - - FUNDAMENTALS, POLITICS -

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.

Supreme Court lawyer Bhu­pen­dra Bharad­waj was one of the bid­ders for the prop­er­ties

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