Property deals has been launched by chief minister of Goa, Pratap singh Rajoji Rane
Naturally enough this restriction is quite extreme and it has been alleged that they like of estate agent, lawyers, builder and even those making private sales have been offering bribes and backhands to government officials to get around this stipulation for their client who want or thinking of purchasing buy property in India. The gravity of this accusation has not gone unnoticed; none have the incredibly far reaching implications for all those involved- especially those foreign buyers who have not bought property in India after being resident in Goa for the required 182 days.
Currently an initial investigation into a selection of property deals has been launched by chief minister of Goa, Pratap singh Rajoji Rane to find out whether this is any truth in the allegation. The worst case scenario facing anyone who has not adhered to letter of the law as stipulated in the foreign Exchange Management Act. Of 1999 is the confiscation of their property in India (Goa ) has to be heeded.
Wednesday, April 18, 2007
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