Continuing its probe and action against the purchase of immovable property by foreigners in contravention of provisions of the Foreign Exchange Management Act (FEMA) in coastal Goa, the Enforcement Directorate (ED) has issued more notices to foreign nationals asking why the property should not be confiscated.
The ED has already confiscated 12 agricultural properties located at Morjim, Mandrem, Arambol, Ucassaim and Anjuna in the north coastal belt, confirmed a senior ED official on Wednesday.
The foreign nationals have been asked to show cause as to why the immovable properties should not be confiscated by the Union government. They include flats, ancestral houses and bungalows, said the official.
Those who have been issued notices recently are once again predominantly British and Russian nationals and a few other nationals from countries such as Italy and Germany.
The notices have been issued under Section 6 (3) (i) of FEMA dealing with acquisition of immovable property in India by persons resident outside India. A large number of cases had been originally referred to the ED by the RBI’s Goa office as well as State government a few years back after the issue of foreigners on tourist visa purchasing properties in contravention of the FEMA provisions and also carrying on businesses in the coastal belt caused a major public outcry.
Right to Information activist Rajan Ghate, who is also a local political activist who had spearheaded the campaign to expose such violations, told The Hindu here on Wednesday that he was happy that the law had taken its own course.
The directorate has already confiscated 12 agricultural properties Many cases had been referred to ED by RBI’s Goa office a few years back
The directorate has already confiscated 12 agricultural properties
Many cases had been referred to ED by RBI’s Goa office a few years back