Who will buy Dawood Ibrahim's Mumbai restaurant? Starting bid to be Rs 1.18 crore

Mumbai: Underworld don Dawood Ibrahim's one of the properties in Mumbai - restaurant 'Delhi Zaika' - will be auctioned on Wednesday.

The starting bid will be Rs 1.18 crore.

The auction will take place in Hotel Diplomat in South Mumbai.

Former city based journalist S Balakrishnan, a Delhi-based lawyer Ajay Shrivastava and president of Hindu Mahasabha Swami Chakrapani are among the bidders who have shown interest in these assets, police said. 

The restaurant in Pakmodia Street, Bhendi Bazaar (said to be owned by Dawood) was seized by CBI after the 1993 Mumbai serial bombings. 

The government agency has appointed a private firm to hold the auction under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Properties) Act, 1976. 

December 8 was the last date for sending application for the auction but a few people have come forward to show interest in the property.