sri_bom
Member
Joined: 22 Dec 2006
Posts: 2365
Location: Singapore
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 Posted: Mon Jan 19, 2015 2:29 pm Post subject: PIA Asked To Shut Office In New Delhi |
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Pakistan International Airlines told to shut its office in New Delhi: report
News
19-Jan-2015 11:12 AM
Pakistan International Airlines was reportedly issued with a legal notice to close its office in New Delhi (Gulf Today/Times of India/Pakistan Tribune, 19-Jan-2015). The visas of staff have also not been extended. The action reportedly comes amid reports of the carrier's purchase of properties in violation of the Reserve Bank of India (RBI)’s guidelines. The properties in question include four flats on the Barakhamba Road in New Delhi, which house the carrier's main office in India. Regarding the properties, PIA was served a notice by both RBI and the Enforcement Directorate (ED). PIA replied to the notice saying that the flats, including the parking lots, were purchased in 2005 as per the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations and that a declaration of the acquisition was filed with RBI within the stipulated 90 days. |
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