The Enforcement Directorate in India on Monday confiscated eight properties and five parking spaces belonging to singer Adnan Sami under the Foreign Exchange Management Act.

Adnan Sami with his Wife
Adnan Sami had acquired eight properties, in 2003, totaling Rs25 million. PHOTOl IANS/FILE

According to Indian law, a foreign national cannot acquire immovable property in India (other than on lease, not exceeding five years).

The Times of India reports that the singer had acquired eight properties, in 2003, totaling 25 million Indian rupees in a housing society in Andheri, Maharashtra. The properties now belong to the Indian government.

The Enforcement Directorate has also imposed a fine of 2 million Indian rupees on the singer.

Source : tribune 27th December,2010

your comments:


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.