Section 58A
Special Court to release the property.
The Prevention of Money-Laundering Act, 2002
About this Act
An Act to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering and for matters connected therewith or incidental thereto.
1[58A. Special Court to release the property.--Where on closure of the criminal case or conclusion
of a trial in a criminal court outside India under the corresponding law of any other country, such court
finds that the offence of money-laundering has not taken place or the property in India is not involved in
money-laundering, the Special Court may, on an application moved by the concerned person or the
Director, after notice to the other party, order release of such property to the person entitled to receive it.]
Notes
1. Ins. by Act 2 of 2013, s. 24 (w.e.f. 15-2-2013).