enemy shares

India clears sale of “enemy shares” held by people who moved to Pakistan

  • The stocks worth at least 30 billion rupees ($412.26 million) are part of what India calls “enemy properties” that once belonged to people who went to Pakistan and China
  • Once these Indian nationals became citizens of these two countries, they were treated as “enemies” and their assets in India were seized

By Reuters · 9 November 2018