Illegally Acquired Properties

The Hon‟ble Supreme Court of India in the case of Attorney-General of India and others reported in AIR 1994 SC 2179  while  dealing  with  the  matter  under  Conservation  of  Foreign Exchange and Prevention of Smuggling Activities Act has defined the Illegally Acquired Properties and has held that the illegally acquired properties are earned and acquired in ways illegal and corrupt, at the cost of the people and the state, the state is deprived of legitimate revenue to that extent hence these properties must justly go back where they belong, the state. 

 

By

Vijay Pal Dalmia, Advocate
Supreme Court of India and High Court

Mobile: +91 9810081079

 

Email: vpdalmia@gmail.com

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