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Auction of Dawood’s Property

Courtesy/By: Saurav Tibrewal | 19 Oct 2017

The central government in a move to curb the presence of underworld don Dawood Ibhraim has decided to auction his five properties which includes the famous Delhi Zaika. The finance ministry has issued notification inviting bidders for the same. A newspaper advertisement under Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA) has been issued public auction of six properties on November 14 with a total reserve price of Rs 5.54 crore. The earnest money for Delhi Zaika has been capped at Rs 23.72 lakh.

The properties include Damarwala building near Bhendi Bazar, Shabnam Guest House on Mohammed Ali Road, a flat in Pearl Harbour building at Mazgaon, tenancy rights of a room in Dadriwala chawl at Saifee Jubilee Street, and a 600 sq metre factory plot in Aurangabad district. Government has earlier also tried to auction these properties in 2015, but failed to do so and is resuming the whole process again

Courtesy/By: Saurav Tibrewal | 19 Oct 2017