PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT
Section 22: Fulfillment of forfeiture order.
1 The Directorate of the relevant organisation shall, in accordance with the directions of the Court—
a deposit any money forfeited under this Act into the Confiscated and Forfeited Properties Account established under section 68 of this Act; or
b dispose of the property forfeited by sale or any other means and deposit the proceeds of the sale or disposition into the said account.
2 Subject to the provisions of this Act, any right or interest in forfeited property not exercisable by or transferable to the relevant organisation, shall expire and shall not revert to the person, who had possession, or was entitled to possession of the property immediately before the forfeiture order took effect.
3 A person referred to in subsection (2) or any other person, who acts with or on behalf of the person—
a commits an offence, if he purchases or attempts to purchase the forfeited property; and
b is liable on conviction to a fine of at least twice the value of the property sold.
4 The expenses incurred in connection with the forfeiture and the sale, including expenses of seizure, maintenance and custody of the property pending its disposition, advertisement, and the Court costs shall be defrayed out of the designated account.
Cite this section
Section 22, PROCEEDS OF CRIME (RECOVERY AND MANAGEMENT) ACT (2022).
https://repo.podus.ai/laws/proceeds-of-crime-recovery-and-management-act/section/22/