Dawood Ibrahim's two ancestral properties sold off at auction

Two properties belonging to fugitive gangster Dawood Ibrahim's family members were sold off on Friday at an auction organised by the competent authority under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act in Mumbai...

The auction, which featured a total of four properties situated in Mumbke village, Khed tehsil, coastal Ratnagiri district, Maharashtra, saw bids for two of the properties, while the other two remained unsold...

The other two properties received four and three bidders, respectively, and a single person emerged as the successful bidder for both of them...

Similarly, in 2020, six properties, including Ibrahim's childhood home, went up for auction, while in 2017, three luxurious properties in South Delhi, including a hotel, were also auctioned by the government...

The imminent auction of Ibrahim's ancestral properties attests to the government's relentless pursuit under the Smugglers and Foreign Exchange Manipulators Act, 1976, to liquidate assets tied to the underworld don..

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