NEW DELHI – India’s government has decided to sell millions of dollarsworth properties of people who moved to Pakistan after partition.
Indian will sell stocks worth millions of dollars seized from people whomoved to Pakistan following partition in 1947 and the wars since, as a wayto make up for a shortfall in revenues.
The stocks worth at least 30 billion rupees ($412.26 million) are part ofwhat India calls “enemy properties” that once belonged to people who wentto Pakistan and China, with which India also fought a war.
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Once these Indian nationals became citizens of these two countries, theywere treated as “enemies” and their assets in India including land andhouses as well as shares were seized and held by the Custodian of EnemyProperty of India.
