Adnan Sami slapped with fine for purchasing Mumbai flats while holding Pakistani nationality An Indian tribunal has imposed a penalty of 5 million INR on singer Adnan Sami for buying eight flats in Mumbai in 2003 without prior permission from the Reserve Bank of India (RBI) when he was a Pakistan national.
According to The Hindu, the singer had purchased the flats in Mumbai for a total of INR 2.53 crore without prior permission from RBI. According to Indian rules, special permission was required as Sami was a Pakistan national at the time of purchase.
The penalty amount has to be paid within three months of the order which was issued on Sept 12.
Sami said he was not aware that Pakistan nationals could not purchase immovable property in India.
The Appellate Tribunal for the Foreign Exchange Management Act (FEMA) imposed the penalty while it quashed a Dec 2010 order of the Enforcement Directorate Special Director (Mumbai) for the confiscation of the properties.
The tribunal’s directive came in response to an appeal filed by the singer against the Special Director’s order to confiscate the properties and imposing 2 million INR in penalty.
Adnan sami fined
Adnan sami faces penalty
Adnan Sami slapped with ₹50 lakh FEMA penalty for 8 Mumbai flats
#AdnanSami #Indian #Pakistani
0 Comments