Three properties of Dawood Ibrahim auctioned in Mumbai

Mumbai: Three properties of the fugitive gangster Dawood Ibrahim namely Ronaq Afroz Restaurant, Damarwala Building and Shabnam Guest House have gone under hammer.

The auction process was being held by Smugglers and Foreign Exchange manipulators (Forfeiture of Property) {SAFEMA} at Churchgate in Mumbai.

Over a dozen bidders took part at the auction venue. Among those bidding are the Hindu Maha Sabha and a counsel of the Supreme Court.

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The Reserve price kept for Shabnam Guest House is Rs 1 crore 23 lakh, 43 thousand. The price to auction Damarwala building has been reserved at Rs 1 crore 55 lakh 76 thousand.

The Reserve price for Ronaq Afroz restaurant is Rs 1 crore 18 lakh 63 thousand.