Creado 19/08/2009 18:11

Re: Transfer of money €800,000 from India to Germany

@raj2001

There are couple of options:

1. Sell the property to an NRI and ask him to wire the money directly to your german or swiss bank account.

2. Sell the property in India and transfer the entire amount to your 8 blood relatives, under FEMA, RBI allows your blood relatives to send as much as $100,000 per year to their relatives abroad for family maintenance.

3. Sell the property in India and transfer the entire amount to your NRO account. You can transfer upto 1 Million USD per year to your account abroad.

http://www.rbi.org...ications.aspx?Id=2602

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Creado 22/08/2009 21:18

Re: Transfer of money €800,000 from India to Germany

@viking:

This looks like a fraud site. Your friend is claiming that 20 times return on investment.
We also receive sometimes emails (spam), about this type of offers by mail and that they will double your money but your friend without even registering a company in Germany want to do business (giving assurance of 20 times returns)and you think that some fools will give him their hard earn money, i do not think so that in this way he will even get one cent.

Have a nice weekend.

Creado 22/08/2009 23:15

Re: Transfer of money €800,000 from India to Germany

Nishant is a clone of Madoff..

Quoting Trust7 "There are hundreds of lawyers who specialise in going through the offers and websites of companies with a fine-tooth comb to see whether these are in line with the regulations. If these ‘lawyers’ find any triviality, they send an ‘Aufforderung’ (summons) to the website operator or the company’s proprietor demanding the removal of the incorrect formulation, allegedly in accordance with competition laws, but actually so they can pocket a few hundred euros in lawyers’ fees".

@Viking There is a good possibility Nishant.De may be sued.

Creado 23/08/2009 1:43

Re: Transfer of money €800,000 from India to Germany

Raj2001 or stutt23 or any one else who wants to continue this discussion or criticism....
I have just written what I wanted to write. If I am viking or nishant ha..ha.. you can imagine whatever you want. Atleast, I can confirm one thing that nishant is a software professional. Whether his idea is a crap or not, time will tell. I don't want to get into justifying his claims or whether we are 2-in-1 or 1-in-2 but since I am also an Indian and am proud to be, something which I would like to say is that even in Germany you can find frauds and scams in politics or in reputed companies. Its everywhere and not only in India or from Indians. There are lot of success stories about indians. So why not we ever highlight the name of indians for good things. Or do you think that indians cannot come up with something good, something innovative. Microsoft, google, IBM are all full of indians. Lakshmi mittal in UK is Indian. I don't remember other examples right now but there are lots of them. Zero was invented in India. There are lot of people who read these forumns -indians and non indians- so whatever impression we give, they get it. So what I mean is that I like to hear good things about Indians. But you guys are also right in your point-of-view, after all we are a population of more than 1.1 billion and not everyone could be the good guy. Still, I would say that India is great.....

I am always afraid of posting in this forumn, because there is someone or the other who is always ready to fire today it was my chance to get hunted down.

Happy hunting!
Cheers

Creado 23/08/2009 11:16

Re: Transfer of money €800,000 from India to Germany

@all,

nishant.de doesnt look impressive but cut and paste of a flop bollywood script.

Look at his homepage. It clearly sends message that this guy nr.1 in taking risks. He displays a photo sitting with a cute kid without kid seat. I hope this photo is taken while car not moving and is while not in Germany, otherwise he is lucky to eascape cops sight.

Is he talking of simliar risks ??