law: Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976
  4. Prohibition of holding illegally acquired
  
  property -
  (1) As from the commencement of this Act, it
  
  shall not be lawful for any person to whom this Act applies to hold any
  
  illegally acquired property wither by himself or through any other person on
  
  his behalf.
  (2) Where any person holds any illegally
  
  acquired property in contravention of the provision of sub- section (1), such
  
  property shall be liable to be forfeited to the Central Government in
  
  accordance with the provisions of this Act.