TERRORISM (PREVENTION) ACT, 2011
Section 12: Seizure of terrorist cash.
(1) The National Security Adviser or the Inspector General of Police with the approval of the President may seize any cash where he has reasonable grounds to suspect that the cash-
(a) is intended to be used for the purposes of terrorism;
(b) belongs to, or is held on trust for, a proscribed organization; or
(c) represents property obtained through acts of terrorism.
(2) The National Security Adviser or the Inspector General of Police may seize the cash if:
(a) the seizure is incidental to an arrest search; or
(b) the property is liable to forfeiture upon process issued by the court following an application made by the Attorney General, the National Security Adviser or the Inspector General of Police with the approval of the President.
(3) The National Security Adviser or the Inspector General of Police may exercise his powers under sub-section (1) of this section, whether or not any proceeding has been brought for an offence in connection with the terrorist cash.
(4) The judge in Chambers shall not make an order for seizure of the cash unless he is satisfied that there are reasonable grounds for suspecting that the cash:
(a) is intended to be used for the purposes of terrorism;
(b) consists of resources of a proscribed organization; or
(c) is, or represents, a property obtained through terrorist activities.
(5) Subject to sub-section (8) of this section, any order made under subsection (4) of this section shall remain valid for a period of 60 days by the Judge in Chambers until the production of the cash before the court in the proceedings against any person for an offence with which the cash is connected.
(6) The cash seized under this section shall be deposited in an escrow account by the officer who effected the seizure.
(7) The cash with the interest may be released to the owner by order of the Judge in chamber where:
(a) the conditions under sub-section (4) of this section are no longer met; or
(b) the proceedings are not brought in connection with the cash seized.
(8) For the purposes of this section, "cash" means:
(a) Coins and notes in any currency;
(b) Postal order;
(c) Travelers' cheques;
(d) Bankers' drafts;
(e) Bearer bonds and bearer shares; or
(f) Such other monetary instruments as the Minister charged with the responsibility for Finance may, by regulations, specify.
Cite this section
Section 12, TERRORISM (PREVENTION) ACT, 2011 (2011).
https://repo.podus.ai/laws/terrorism-prevention-act-2011/section/12/