Chapter IX - Reciprocal Arrangement for Assistance in Certain Matters and Procedure for Attachment and Confiscation of Property (From Section 55 to Section 61)
Section 60 - Attachment, seizure and confiscation, etc., of property in a contracting State or India.
Prevention of Money-Laundering Act, 2002 Chapter IX Reciprocal Arrangement for Assistance in Certain Matters and Procedure for Attachment and Confiscation of Property
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Attachment and confiscation of property enable cross-border execution of orders, tracing, and disposal or return. Attachment and confiscation orders related to money laundering may be executed across borders via letters of request: the Special Court may request execution in a contracting State where property is suspected abroad, and the Central Government may forward foreign requests for attachment, seizure, freezing or confiscation in India to the Director. The Director may direct tracing and identification measures, including inquiries, investigations and surveys of persons, places, assets and bank records, and the Act's provisions on attachment, adjudication, confiscation, vesting, searches and seizures apply. Confiscated property in India may be returned to or compensated for to the requesting State on agreed terms.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Attachment and confiscation of property enable cross-border execution of orders, tracing, and disposal or return.
Attachment and confiscation orders related to money laundering may be executed across borders via letters of request: the Special Court may request execution in a contracting State where property is suspected abroad, and the Central Government may forward foreign requests for attachment, seizure, freezing or confiscation in India to the Director. The Director may direct tracing and identification measures, including inquiries, investigations and surveys of persons, places, assets and bank records, and the Act's provisions on attachment, adjudication, confiscation, vesting, searches and seizures apply. Confiscated property in India may be returned to or compensated for to the requesting State on agreed terms.
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