Tag: Foreign Exchange Management

ED Suspects Russian Land Mafia Behind FEMA Violation In Goa

August 28, 2008 – 5:45 am

The Enforcement Directorate(ED), the agency responsible for investigating economic crime in India, has sought information from the Goa government on all companies that bought properties in the state between 2000 and 2007, as it investigates the role of a suspected Russian land mafia. The agency suspects that some Indian companies that bought large plots in […]

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Violation Of FEMA In Goa

July 17, 2008 – 5:41 am

After being scanned for Foreign Exchange Management Act (FEMA) violation, many foreigners intend to sell their properties in Goa and return back, but have to stay back as Goa authorities have banned any related transactions. Few of the foreigners who have invested in Goa getting jittery after the show-cause notice from the directorate of enforcement […]

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