Three properties of underworld don and main accused in the 1993 serial bomb blasts Dawood Ibrahim will be auctioned on Tuesday by the Ministry of Finance, under the Smugglers and Foreign Exchange Manipulators (SAFEMA) Forfeiture of Properties Act. The auction will be held in three forms — e-auction, public auction, and tenders, the highest bidder amongst all the three will be awarded the property. The reserve price for the three properties are Rs 1.21 crore, Rs 1.55 crore and Rs 1.18 crore respectively. “All the three properties fall within the ambit of Bhendi Bazaar redevelopment that is being carried out by us. In December 2015, Balakrishnan, through his NGO Desh Seva Samiti, had participated in an auction of properties belonging to underworld don Dawood Ibrahim.

Source: dna November 14, 2017 04:51 UTC