Adnan Sami fined 5mn for purchasing apartments in Mumbai
MUMBAI: Singer Adnan Sami was fined INR 5 million on Tuesday for purchasing apartments in Mumbai.
Indian singer Adnan Sami was fined INR 5million over purchasing eight apartments in Mumbai when he was a Pakistani citizen. The Indian Foreign Exchange Management Act (FEMA) on Tuesday fined Sami.
According to the sources, Adnan Sami had bought eight apartments in State’s capital in 2003 without taking prior permission from the Reserve Bank of India (RBI).
As per the Indian media, “Mr. Sami had bought the properties in the Oberoi Sky Garden Co-operative Housing Society, at Lokhandwala in Mumbai, on December 29, 2003.
The singer paid a total of 2.53 crore for the flats. He later transferred five flats to his then wife, Sabah Galadari, along with some parking spaces, but afterward, his marriage was declared null and void by the Family Court”.
As per the Indian law, it is mandatory for foreign citizens to take permission from the Reserve Bank of India before purchasing properties in the country.
The musician responded to the fine by stating that he was unaware of the regulations. He said,” I did not know that Pakistani nationals cannot buy property in India.”
Moreover, the fine has to be paid within three months of the order, however, Adnan Sami had earlier deposited INR one million.
