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The Prevention of Money-Laundering Act

58ASpecial Court to release the property

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.]

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1. Ins. by Act 2 of 2013, s. 24 (w.e.f. 15-2-2013).

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