Govt. Appoints ‘Special Directors’ of Regional Offices of ED as Administrators of the Property Confiscated under PMLA

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  • Last Updated on 14 September, 2023

Confiscated properties under PMLA

Notification No. S.O. 3980(E). Dated 12.09.2023

The Govt. has appointed ‘Special Directors’ of the Regional Offices of the ‘ED’ as ‘Administrators’ to receive, manage and dispose of the property confiscated under provisions of section 8(5) &(7) or section 58B or section 60 (2A) of the Prevention of Money Laundering Act, 2002. The Administrators so appointed shall be governed by the provisions of the said Act and the Prevention of Money-laundering (Receipt and Management of Confiscated Properties) Rules, 2005.

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