Indian government fined Adnan Sami with INR 50 lakhs for buying properties in India – Research Snipers

Indian government fined Adnan Sami with INR 50 lakhs for buying properties in India

The Indian authorities slapped Adnan Sami with a heavy fine for buying properties in India’s Mumbai when he was the national of Pakistan.

Adnan Sami was the Pakistani national and acquired the Indian nationality in January 2016 and has been living in India since then.

According to the details shared by the Indian media, the appellate tribunal of Foreign Exchange Management Act (FEMA) fined him for 50 lakhs Indian Rupees.

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Back in 2003, Adnan Sami had bought eight flats in Mumbai without the prior permission from the Reserve Bank of India (RBI) when he was the citizen of Pakistan. It is pertinent to mention here that the foreign nationals are required to get permission from RBI to buy the property in India.

According to the orders issued by the tribunal, the entire sale of the flats has been paid by the way of loan and income which was generated in India. The order further said that the tax on the income has also been paid by the singer.

Adnan Sami, however, claimed that he didn’t know that Pakistani national cannot buy the property in India without the prior permission.

As per the details, his properties were seized by the authorities of The Enforcement Directorate (ED) and a penalty of 20 lakhs Indian Rupees was imposed earlier. Now, the fine has been increased to 50 lakhs Indian Rupees which has to be paid within the period of three months.

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