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As enacted
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Contents

Part IV · Protection, Preservation and Management of Proceeds of Crime

95. Release of the Receiver or Special Manager

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

A Receiver or a Special Manager appointed in terms of this Act shall be released by the High Court from his duties and functions in the following circumstances:-

(a)

upon the completion of the duties and functions entrusted to him with regard to the protection, preservation, and management of the property and the submission and acceptance of the final report;

(b)

upon the acceptance of the resignation and subject to the fulfillment of his duties;

(c)

upon the removal of the Receiver or Special

Manager in the manner provided in this Act:

Provided however, if a Receiver or a Special Manager were to be released from his duties and functions consequent to removal, such Receiver or Special Manager shall give effect to directions if any imposed by Court which relates to his appointment as a Receiver or a Special Manager.

(2)

If upon the conclusion of the inquiry, the Court orders the property that has been seized or frozen be vested with the owner or the possessor thereof or any other party which has claimed such property, the Court shall release the Receiver or Special Manager from complying with his functions as a

Receiver or Special Manager, taking into consideration the report and any objections which may be urged by the owner or the possessor thereof against the release of the Receiver or Special Manager.

(3)

Where the release of the Receiver or Special Manager is withheld, the High Court may on the application of the owner or person claiming such property make such order as it thinks just, charging the Receiver or Special Manager with the consequences of any act done, or default made by him in the protection, preservation and management of the seized or frozen property.

(4)

An order of the High Court releasing the Receiver or Special Manager shall discharge him from all liabilities in respect of any act done or default made by him in the protection, preservation and management of the property or otherwise in relation to his conduct as the Receiver or

Special Manager.

Part V

Proceeds of Crime Management authority

Read on from Part V

Part VI

Forfeiture of Frozen Proceeds of Crime And Related Proceedings

Read on from Part VI

Part VII

Civil Remedy For Victims Of Crime

Read on from Part VII

Part VIII

Disposal Of Forfeited Proceeds Of Crime And The Utilization Of The Value Derived Thereof

Read on from Part VIII

Part IX

Victims Of Crime Reparation Trust Fund

Read on from Part IX

Part X

International Cooperation

Read on from Part X

Part XI

Miscellaneous Provisions

Read on from Part XI

Schedules