Safex Infra fortunes go unsold in e-auction

Cuttack: The Odisha government suffered a setback yet again today when not a single bidder turned up to participate in the e-auction of the attached properties of a tainted chit fund company.

Immovable properties worth Rs 1.55 crore of M/s Safex Infra India Ltd were listed to be auctioned to public on the day. But no one turned up to participate in it during the stipulated period, Cuttack ADM B B Das, who has been appointed as the receiver of these properties by a special court here, said.

Similarly attached properties of two other companies M/s Astha Group of Companies (Rs1.42 cr) and M/s Golden Land Developers (Rs 70 lakh), are also slated to be sold to public through e-auction on Friday and Saturday respectively.

It is believed that due to fixation of higher base prices of these properties in the auction, no one is taking interest on them.