New Delhi, Feb. 17 -- Affluent Indians who used off-shore companies to buy apartments and mansions in the UK are coming under the scanner of the Enforcement Directorate (ED),Economic Times reported.

Under the liberalised remittance scheme, or LRS, resident individuals are permitted to send up to $250,000 in a year to directly purchase properties abroad, however, buying the stocks of foreign companies which mainly hold properties is a breach of foreign exchange regulations.

Despite this, certain well-off Indian families, perhaps assuming that such deals would not come to light, have bought shares of companies owning properties to evade stamp duty, capital gains, and even inheritance tax.

Notably, the British government has plugged the t...