Declaration of fugitive economic offender.12. (1) After hearing the application under section 4, if the Special Court is satisfied that an individual is a fugitive economic offender, it may, by an order, declare the individual as a fugitive economic offender for reasons to be recorded in writing.(2) On a declaration under sub-section (1), the Special Court may order that any of the following properties stand confiscated to the Central Government-
| (a) | - | the proceeds of crime in India or abroad, whether or not such property is owned by the fugitive economic offender; and |
| (b) | - | any other property or benami property in India or abroad, owned by the fugitive economic offender. |
(3) The confiscation order of the Special Court shall, to the extent possible, identify the properties in India or abroad that constitute proceeds of crime which are to be confiscated and in case such properties cannot be identified, quantify the value of the proceeds of crime.(4) The confiscation order of the Special Court shall separately list any other property owned by the fugitive economic offender in India which is to be confiscated.(5) Where the Special Court has made an order for confiscation of any property under sub-section (2), and such property is in a contracting State, the Special Court m
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