Kerala CM’s ex-principal secretary M Sivasankar and a leading jeweller from Delhi, both accused in separate gold smuggling cases, have for now escaped the stringent Cofeposa Act.
NEW DELHI: Kerala CM’s ex-principal secretary M Sivasankar and a leading jeweller from Delhi, both accused in separate gold smuggling cases, have for now escaped the stringent Cofeposa Act, under which there is no trial or bail for one year, while nine of their alleged accomplices have been arrested and are facing confiscation of all their assets.
Arrested under Cofeposa (Conservation of Foreign Exchange and Prevention of Smuggling Activities Act), an accused is detained for one year without trial. Completion of one year in jail allows central agencies to confiscate assets of the accused, his relatives and associates.