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Government to auction one of Dawood Ibrahim's property on Aug 9

Updated : July 24, 2018 06:32 AM IST

With a reserve price of Rs 79.43 lakh, the auction for the Masulla Building in the Bhendi Bazaar area in central part of the city, will be held on August 9 under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (Safema).
The earnest money deposit is set at Rs 25 lakh, which needs to be deposited by August 6, as per the notice.
The order came after the apex court rejected a plea filed by his mother and sister, Amina Bi Kaskar and Haseena Parkar, challenging the decision of the Enforcement Directorate and other agencies to attach property owned by them in Mumbai as "proceeds of crime".
Government to auction one of Dawood Ibrahim's property on Aug 9
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