Letter of request of a contracting State or authority for confiscation or release the property

Section 58B of the Prevention of Money-Laundering Act, 2002 deals with letter of request of a contracting State or authority for confiscation or release the property. Where the trial under the corresponding law of any other country cannot be conducted by reason of the death of the accused or the accused being declared a proclaimed offender or for any other reason or having commenced but could not be concluded, the Central Government shall, on receipt of a letter The Act came into force on 01 Jul 2005.

¹[58B. Letter of request of a contracting State or authority for confiscation or release the property.--Where the trial under the corresponding law of any other country cannot be conducted by reason of the death of the accused or the accused being declared a proclaimed offender or for any other reason or having commenced but could not be concluded, the Central Government shall, on receipt of a letter of request from a court or authority in a contracting State requesting for confiscation or release of property, as the case may be, forward the same to the Director to move an application before the Special Court and upon such application the Special Court shall pass appropriate orders regarding confiscation or release of such property involved in the offence of money-laundering.]

Section 58B, The Prevention of Money-Laundering Act, 2002 (Act 15 of 2003).