MUMBAI: The date has been fixed to auction underworld don Dawood Ibrahim’s properties. The finance ministry has decided to auction the three properties of Dawood in Mumbai on August 9.
The property Masullah Building in Bendi Bazar area is up for auction and the central government has invited the bidders for this. The total asset auction value has been fixed at Rs 79.43 lakh. The auction is being organized as per the smuggling and the Foreign Exchange Manipulator Act
The auction process will be held on August 9th between 10 am to 12 pm at Y B Chavan Auditorium. Those who want to buy Dawood’s property need to deposit Rs 25 lakh by 6th.
The previous auctions of the Don’s 3 assets of Rs. 11.5 crores were purchased by Safi Burhani Trust.