... the US Prosecutors are also leaving the door open for all of Lall’s assets to be seized if it is proven that they are linked to the bulk cash smuggling. “…the defendant shall, upon conviction of each such offense alleged in Count One, forfeit to the United States all property, real and personal, involved in the offence, and all property traceable to such property, wherever located and in whatever name held, which property includes, but is not limited to, US currency in the total amount of US$620,588.” Prosecutors went further. Even if the property cannot be located; has been transferred or sold to or deposited with a third person; has been placed beyond the jurisdiction of the court; substantially diminished in value or mixed with other property, it will not stop the US from seeking “forfeiture of any other property of said defendant’s up to the value of the above property.”
Posted on: Sun, 14 Dec 2014 08:20:30 +0000
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