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  4. Dawood Ibrahim's restaurant sold for Rs 4.28 cr, car for Rs 32,000 in auction

Dawood Ibrahim's restaurant sold for Rs 4.28 cr, car for Rs 32,000 in auction

New Delhi: An eatery in the narrow Pakmodia Street in South Mumbai, a green sedan and tenancy rights to a property in suburban Matunga are the assets once owned by underworld don Dawood Ibrahim that

India TV News Desk Updated on: December 10, 2015 8:06 IST
dawood ibrahim s restaurant sold for rs 4.28 cr car for rs
dawood ibrahim s restaurant sold for rs 4.28 cr car for rs 32 000 in auction

New Delhi: An eatery in the narrow Pakmodia Street in South Mumbai, a green sedan and tenancy rights to a property in suburban Matunga are the assets once owned by underworld don Dawood Ibrahim that were finally auctioned today at Hotel Diplomat in South Mumbai.

A private firm had been appointed by government agencies to carry out the auction under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Properties) Act, 1976.

A total of twelve bidders had bid for Dawood's property and the auction process continued for three hours from 11 am to 1 pm. The bidding process was conducted in three phases which included personal, e-tender and sealed bids. Sealed envelopes of the bidders were opened at 5 pm in the evening.

Former city-based journalist S Balakrishnan, Delhi-based lawyer Ajay Shrivastava and president of Hindu Mahasabha Swami Chakrapani are among the bidders who had shown interest in the bidding process.

A Hyundai Accent (MH-04-AX-3676) purportedly won by Dawood was also auctioned today. The green sedan has been parked at a government society in Ghatkopar for the last four years and is in bad shape with tyres burst and the windshield shattered.

Swami Chakrapani was the highest bidder for Dawood's car. The reserve price for the car was kept at Rs 15,700 but Swami's bid of Rs 3.20 lakh won him Dawood's Accent.

The eatery, Delhi Zaika, earlier hotel Rounak Afroz, is priced at Rs 1.18 crore. The highest bidder for the restaurant was R Balakrishnan who bid an amount of Rs 4 crore and 28 lakh for it. Balakrishnan had earlier filed a complaint with the police saying that Dawood's right-hand man Chhota Shakeel had threatened him against bidding for the property.

Also up for grabs was Dawood' agricultural land at Daman village. It was sold to a Gujarati businessman for Rs 5 lakh against a reserve price of Rs 1.50 lakh.

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