Fugitive Economic Offenders Act, 2018

Section - 5 - Attachment of property

Attachment of property.

5. (1) The Director or any other officer authorised by the Director, not below the rank of Deputy Director, may, with the permission of the Special Court, attach any property mentioned in the application under section 4 by an order in writing in such manner as may be prescribed.

(2) Notwithstanding anything contained in sub-section (1) or section 4, the Director or any other officer, not below the rank of Deputy Director, authorised by the Director, may, by an order in writing, at any time prior to the filing of the application under section 4, attach any property-

(a)-for which there is a reason to believe that the property is proceeds of crime, or is a property or benami property owned by an individual who is a fugitive economic offender; and
(b)-which is being or is likely to be dealt with in a manner which may result in the property being unavailable for confiscation:
-Provided that the Director or any other officer who provisionally attaches any property under this sub-section shall, within a period of thirty days from the dat .... To read the full section download the app from Google Play store
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