ED team to probe foreigners deals from tomorrow

By Sadguru Patil
Panaji, march 10 -Team of Enforcement department will arrive in the State on Thursday in connection with the proposed inquiry into property dealings of 40 companies in Goa with respect to FEMA violation.

This was informed by Joint Secretary Finance Mr. Anupam Kishore today while talking to Digital Goa at secretariat in Porvorim. More than 40 companies floated by foreign nationals are likely to get into trouble if the charges of FEMA violation against them are proved.

It may be recalled that Kishore was heading a committee appointed by Goa government to look into the allegations of violation of FEMA by foreign nationals while purchasing land in Goa. Upon inquiry Committee had prima facie found around 400 cases of FEMA violations in Goa.

Acting upon Goa governments findings, Enforcement department has started further investigation in the cases pertaining to violation of FEMA. Department has already started process of sending notices to the alleged violators and conducting hearings, Mr. kishore said.

In few cases hearing is already completed. Department may pass an order in few cases shortly. Last month following order from ED, property of one Swedish national was confiscated. State government has got that order, Mr. Kishore confirmed.

Some companies have not responded to ED`s notices that forced the team to rush to Goa tomorrow. Apart from individual cases, ED will inquire into 40 property dealings of various companies.
Foreigners have purchased lakhs of sq mt land in coastal belt of Goa. Mostly British nationals have purchased land and houses even in the urban areas of Goa, according to the information provided to Goa assembly in last year.

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