Adnan Sami's Mumbai properties to be confiscated

Adnan Sami's Mumbai properties to be confiscated
Tuesday, December 28, 2010 11:08 IST
By Santa Banta News Network
Pakistani singer-composer Adnan Sami has been issued a notice by the Enforcement Directorate (ED) for owning eight flats and five car parking spaces in Mumbai.

A fine of Rs. 20 lakh has also been slapped on the singer.

Sami said: "I have received an order from the ED which says my properties will be confiscated if I do not file an appeal in the next 45 days."

He rubbished media reports claiming that his flats have been confiscated.

"The order was received Dec 21 and we have 45 days from then to file an appeal, which we will move at the earliest. But the properties have not been confiscated yet, " said Sami's lawyer Vibhav Krishna.

The ED order mentions that Sami's application for buying property in Mumbai was rejected by the Reserve Bank of India in 2003 owning to his Pakistani nationality. Sami, however, denies any knowledge of the rejection.

Sami owns eight flats and five car parking spaces in Oberoi Sky Garden in suburban Andheri.

Shifting the onus on the builder, Sami said: "I was friends with Vikas Oberoi, the builder of Oberoi Sky Garden. In 2003, I had told him I want to buy a property in Mumbai. He had told me about his upcoming project and that his legal team will take care of all the formalities if I want to buy property."

"In fact my bank loan was also cleared and the property registered in my name. I had no idea that the RBI has rejected my application."

Sami had purchased the flats in 2003 at the cost of Rs.2.53 crore and had taken a loan of Rs 1.5 crore for the purchase.

Sami has been served the confiscation order under the Foreign Exchange Management Act (FEMA).

Vikas Oberoi could not be contacted despite repeated attempts.
Rashmika Mandanna Unveils Bold First Look from 'Mysaa' -Her Fiercest Role Yet!

Popular pan-India star Rashmika Mandanna has officially dropped the curtain on her next big project

Friday, June 27, 2025
Alia Bhatt Channels Rekha's Timeless Glamour in Silsila-Inspired Look at Umrao Jaan Screening!

Bollywood’s beloved fashionista and powerhouse performer Alia Bhatt once again proved her style prowess

Friday, June 27, 2025
Neeru Bajwa Deletes All 'Sardaar Ji 3' Posts Amid Controversy Over Hania Aamir's Casting!

The Punjabi horror-comedy Sardaar Ji 3 has found itself at the center of a heated controversy following the

Friday, June 27, 2025
WAR 2 to have a Global IMAX Release in theatres!

YRF’s blockbuster Spy Universe’s most anticipated action spectacle of the year WAR 2 will play exclusively

Friday, June 27, 2025
Sonakshi Sinha's ‘Nikita Roy' Release Postponed to Amid Screen Battle!

The much-anticipated supernatural thriller Nikita Roy, headlined by Sonakshi Sinha, has officially

Friday, June 27, 2025