Panaji: Rajya Sabha member from Goa Shantaram Naik has said that the state is facing a threat from the middle-east terror group ISIS, and government should regulate the purchase of land or property by foreign nationals.

"Government should not only impose penalty equivalent to thrice the sum involved and Rs 5,000 per day for continued contravention (of laws such as Foreign Exchange Management Act) but should confiscate all the currency, security or any other money or property in respect of which the contravention has taken place," Naik said at a press conference here today.