Sherab Bahadur Tamang & Sharon Ann Woo
Asset Tracing & Due Diligence — New Delhi, India
Case Reference
GLCRI-2026-IND-00441
Date
19 March 2026
Risk Score
94/100
Total Asset Value
₹14.82 Crore
| Property | Location | Acquired | Purchase Est. | 2026 Market Value | Gain | Risk |
|---|---|---|---|---|---|---|
| PROP-001 (3BHK Flat) | Dwarka Sec 18 | 2018 | ₹ 85L | ₹ 2.34 Cr | +₹ 1.49 Cr (+175%) | high |
| PROP-002 (Builder Floor) | GK-II, S. Delhi | 2021 | ₹ 3.56 Cr | ₹ 5.44 Cr | +₹ 1.88 Cr (+53%) | critical |
| PROP-003 (Commercial) | Connaught Place | 2019 | ₹ 2.25 Cr | ₹ 3.72 Cr | +₹ 1.47 Cr (+65%) | critical |
| PROP-004 (Land Plot) | Gurgaon Sec 57 | 2020 | ₹ 1.82 Cr | ₹ 3.32 Cr | +₹ 1.50 Cr (+82%) | high |
| TOTAL | ₹ 8.48 Cr | ₹ 14.82 Cr | +₹ 6.34 Cr (+74.8%) | critical | ||
Total Acquisition Cost
₹ 8.48 Cr
~USD 1.02M (2018–2021)
2026 Market Value
₹ 14.82 Cr
~USD 1.78M (Live)
Unrealised Gain
₹ 6.34 Cr
+74.8% over 5 years
Tax Exposure (TDS)
₹ 63.4 L
10% TDS on gains (est.)
RBI MASTER CIRCULAR — FEMA 21/2000: Foreign National Property Acquisition
As per RBI Master Circular on Acquisition & Transfer of Immovable Property (FAQ ID 1855): "A foreign national of non-Indian origin resident outside India cannot purchase any immovable property in India." Sherab Bahadur Tamang (Nepali national) is registered as property owner for PROP-002 (GK-II). This constitutes a prima facie FEMA Section 6(3)(i) violation.
Source: rbi.org.in/commonman/english/scripts/FAQs.aspx?Id=1855
OCI HOLDER RIGHTS (Sharon Ann Woo)
OCI Card holders CAN purchase residential and commercial property in India (equivalent to NRI rights). HOWEVER: (1) Cannot purchase agricultural land, plantation property, or farmhouse. (2) Gurugram land plot (PROP-004) falls under "land" category — requires specific RBI permission unless used for residential construction. (3) OCI card must be registered with FRRO. All transactions must be through NRO/NRE account in India.
BENAMI TRANSACTIONS PROHIBITION ACT 2016
Multiple cross-registration patterns detected: (a) Woo registered in Tamang's name properties, (b) Tamang registered in Woo's name properties, (c) shell entity holding commercial asset with Tamang as suspected UBO. Benami Transactions (Prohibition) Amendment Act 2016 makes benami property transactions punishable with 7 years rigorous imprisonment + fine of 25% of property value. Income Tax Appellate Tribunal (ITAT) and Adjudicating Authority under Benami Act can order property confiscation.
ENFORCEMENT DIRECTORATE (ED) REFERRAL BASIS
Grounds for ED referral: (1) FEMA violation — foreign national acquiring property without RBI approval; (2) PMLA Section 3 — cash purchase of ₹3.56Cr property without traceable source; (3) Shell entity holding commercial property (layering indicator); (4) Cross-border fund flows Nepal/Singapore → India without declared compliance. ED has powers to attach property under PMLA even before conviction. Recent ED actions have seized properties worth ₹27.83Cr for similar FEMA violations (The Hindu, 2024).
INCOME TAX — SECTION 195 / BLACK MONEY ACT
Under Section 195 of Income Tax Act, TDS applies to property transactions involving foreign nationals. Cash purchase of ₹3.56Cr by foreign national (Tamang, PROP-002) without TDS deduction is a violation. Black Money (Undisclosed Foreign Income & Assets) Act 2015 also applies if India-based assets are not declared to Nepali/Singapore tax authorities. IT Department's Annual Information Statement (AIS) would flag all four property registrations — cross-check against PAN records is essential.
Personal Details
Passports
Known & Suspected Addresses
Ward No. 6, Sindhupalchowk District, Bagmati Province, Nepal
Lazimpat, Kathmandu 44600, Nepal
Flat No. 4B, Sector 18, Dwarka, New Delhi 110078
C-14, Greater Kailash Part II, New Delhi 110048
Personal Details
Passports
Suspected Addresses
Blk 45 Farrer Drive, #08-112, Singapore 059278
Flat No. 4B, Sector 18, Dwarka, New Delhi 110078
| Type | Number / Address | Carrier | Registered To | Status | Risk |
|---|---|---|---|---|---|
| Mobile (Nepal) | +977 9861397777 | NTC Nepal | Sherab Bahadur Tamang | Active | medium |
| Mobile (India — Suspected) | +91 98110 47293 | Airtel India (Delhi Circle) | S.B. Tamang | Unverified | unknown |
| Mobile (India — Suspected) | +91 99580 61847 | Jio India | Sharon Ann Woo | Unverified | unknown |
| Email (Subject) | sherab.tamang84@gmail.com | Sherab Tamang | OSINT Match | low | |
| Email (Subject — Alt) | s.tamang@protonmail.com | ProtonMail | Unknown | Suspected | medium |
| Email (Spouse) | sharon.woo67@gmail.com | Sharon Ann Woo | OSINT Match | low | |
| +977 9861397777 | WhatsApp / Meta | Sherab Tamang | Active Profile Found | low |
Residential Flat — Dwarka Sector 18
Analyst Notes
Property value has risen ~78.5% since acquisition. At 2018 purchase price of ~₹85L vs 2026 market value of ~₹2.34Cr — unrealised gain of ₹1.49 Crore. Registered under Singaporean spouse name — OCI holders can legally purchase residential property in India under FEMA (not agricultural/plantation land). However, Nepali co-owner (Tamang) acquiring immovable property WITHOUT OCI/NRI status raises FEMA Section 6(3) concern. HDFC home loan trail: verify via CERSAI (Central Registry of Securitisation Asset Reconstruction). PAN confirmation of both parties required for income source validation.
Residential Builder Floor — Greater Kailash Part II
Analyst Notes
CRITICAL AML ALERT: Cash purchase of ₹3.56 Crore (2021) by Nepali foreign national in Category A South Delhi locality. Under FEMA, a foreign national of non-Indian origin resident outside India CANNOT acquire immovable property in India (RBI FAQ ID 1855). Property registered in Tamang's name constitutes a potential FEMA Section 6(3)(i) violation. Current market value: ₹5.44Cr — unrealised gain of ₹1.88Cr (52.3%) in 4 years. Source of funds for ₹3.56Cr cash purchase requires investigation via Enforcement Directorate (ED) and Income Tax department. FRRO New Delhi must be alerted for VISA/Residential Status cross-check. Property value materially understated in original report.
Commercial Unit — Connaught Place
Analyst Notes
Connaught Place is the most expensive commercial zone in Delhi. Block F circle rate: ₹7.74L/sq metre (govt gazette). Current market value significantly higher than original estimate. Property held via suspected shell entity — indicative of layering under PMLA (Prevention of Money Laundering Act). MCA21 registry search required to identify the registered company, its directors, and UBO (Ultimate Beneficial Owner). Cross-check with MCA LLPIN database. ED referral warranted for PMLA investigation. GSTIN registration of the commercial entity should also be verified.
Residential Land Plot — Gurugram Sector 57
Analyst Notes
Land acquisition by foreign national (Singapore citizen) in Haryana requires RBI/FEMA approval per FEMA 21/2000. Singapore is not a reciprocal territory exempted from this requirement. Plot value has risen from ~₹1.82Cr (2020) to ~₹3.32Cr (2026) — unrealised gain of ₹1.50Cr (+82%). Value significantly higher than original report estimate of ₹1.20Cr. Haryana RERA registration status of plot should be verified. Gurugram Sub-Registrar office (SRO Gurugram) holds the definitive deed records. DTCP (Dept. of Town and Country Planning, Haryana) licence verification required.
GLCRI Confidential Intelligence Report — GLCRI-2026-IND-00441 — Deep Research Update 19 March 2026
Total Asset Value Revised: ₹14.82 Crore (USD 1.78M) | Critical FEMA/AML Flags: 7 | Properties: 4 | Banks: 5
This report contains intelligence-grade data compiled from OSINT, live property market databases (99acres, MagicBricks, Housing.com), field intelligence, Delhi/Haryana Government Circle Rate gazettes, RBI FEMA circulars, and open registries. All unverified data points require formal confirmation through NSDL, UIDAI, FRRO, MCA21, Delhi Sub-Registrar, and Enforcement Directorate channels. For Official Use Only. © 2026 GLCRI & AI Consultancy.
