Confiscation of assets

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Chapter VIII POWERS OF THE LOKAYUKTA

Statutory text

(1) Without prejudice to the provisions of sections 29 and 30, where the Speciat Court, on the basis of prima facie evidence, has reasons to believe or is satisfied that the assets, proceeds, receipts and benefits, by whatever name called, have arisen or procured by means of corruption by the public servant, it may pass an order for the confiscation of such assets, proceeds, receipts and benefits till his acquittal.
(2) Where an order of conflscation made under sub-sectjon
(1) is modified or annulled by the High Court or where the public servant is acquitted by the Special Court, the assets, proceeds, receipts and benefits, confiscated under sub-section
(1) shall be returned to such public servant, and in case it is not possible for any reason to return the asGets, proceeds, receipts and benefits, such public servant shall be paid the price thereof including the money so confiscated with the interesl from the date of confiscation at the rate as may be prescribed.

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