ED seizes Mangaluru businessman's property
Mangaluru (PTI): The Enforcement Directorate (ED) has seized immovable property in the form of a residential house located in Attavar in the city valued at Rs 8.3 crore held by a Mangaluru businessman under the Foreign Exchange Management Act (FEMA), 1999.
ED received information that Iqbal Ahmed, a resident of the city and managing director of Iqbal Ahmed Infra Projects Private Limited and Sharief Marine Products Private limited, had acquired immovable property outside India by violating the provisions of the Foreign Exchange Management Act, 1999.
Based on the information, the matter was taken up for detailed investigation, an ED release said.
During the course of investigation under the provisions of FEMA, it was revealed that Ahmed has acquired immovable properties valued at 53.09 Lakh UAE Dirhams (equivalent to Rs 8.3 crore), situated at Dubai, UAE, in violation of the provisions of Section 4 of Foreign Exchange Management Act, 1999.
As per provisions under Section 37A of FEMA, if any foreign exchange, foreign security or immovable property, situated outside India, is suspected to have been held in contravention of Section 4 of FEMA, the Directorate of Enforcement is empowered to seize value equivalent within India, of such foreign exchange, foreign security or immovable property.
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Trump tells Fox News he's no longer sending Witkoff, Kushner to Pakistan for Iran talks
Islamabad (AP): President Donald Trump says he told top US envoys not to travel to Pakistan to negotiate with Iran, telling Fox News that "they can call us anytime they want.”
In a brief phone interview Saturday, Trump told Fox News that he told US negotiators Steve Witkoff and Jared Kushner “you're not going to be making any more 18 hour flights to sit around talking about nothing.”
Trump also said of the US side “we have all the cards.”
His comments came after the White House said Friday that Witkoff and Kushner would be heading to Pakistan for another round of negotiations with Iran.
