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    Question

    What action can the Special Court take upon closure of a

    criminal case or conclusion of a trial outside India, if it finds that money-laundering has not occurred or the property in India is not involved in money-laundering?
    A The property will automatically remain seized Correct Answer Incorrect Answer
    B The Special Court can order the property to be destroyed Correct Answer Incorrect Answer
    C The Special Court may release the property to the entitled person upon application Correct Answer Incorrect Answer
    D The Special Court must refer the case back to the foreign court for further investigation Correct Answer Incorrect Answer
    E The Special Court has no jurisdiction over such matters Correct Answer Incorrect Answer

    Solution

    Section 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.┬а

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