Act/Law wise: Judgment of Supreme Court of Bangladesh (AD)
United Nations Convention against Corruption | |||
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Section/Order/ Article/Rule/ Regulation | Head Note | Parties Name | Reference/Citation |
Article 31, 51, 53 and 54 |
No one can benefit from one's own wrong:
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Niko Resources (Bd) Ltd Vs. Professor M. Shamsul Alam & ors | 19 SCOB [2024] AD 125 |
Article 31, 51, 53 and 54 |
As a legally binding international anti-corruption agreement, UNCAC provides a comprehensive set implemented by state parties to prevent, combat, and prosecute corruption. On ratification, the UNCAC created legal obligations for Bangladesh and those have to be enforced through the Executive branch and/or the Judiciary of Bangladesh. Thus, Bangladesh has a duty under international law, as laid out in Article 31 of the UNCAC, to confiscate the proceeds of crime. Article 51 of the UNCAC makes the return of assets which are proceeds of crime, a fundamental principle of the UNCAC. As such all proceeds of crime acquired by the writ respondents No.4 and No.5, through the use of a corrupt scheme, are to be returned to the state of Bangladesh. Article 53 mandates provisions for the direct recovery of corruption assets, including laws permitting private civil causes of action to recover damages owed to victim states and the recognition of a victim state's claim as a legitimate owner of stolen assets. Article 54 of the UNCAC enunciates mechanisms for recovery of property through international cooperation in confiscation. It requires State Parties to give effect to any confiscation order for corruption proceeds issued in another State Party, and to "consider taking such measures as may be necessary to allow confiscation...without a criminal conviction." We find support for our decision to confiscate the assets of the respondents No.4 and No.5 in the principles laid down in UNCAC. .....Niko Resources (Bd) Ltd Vs. Professor M. Shamsul Alam & ors, (Civil), 19 SCOB [2024] AD 125 ....View Full Judgment |
Niko Resources (Bd) Ltd Vs. Professor M. Shamsul Alam & ors | 19 SCOB [2024] AD 125 |
Article 31, 51, 53 and 54 |
Public policy reasons for seizing the assets of writ respondents Nos.4 and
5:
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Niko Resources (Bd) Ltd Vs. Professor M. Shamsul Alam & ors | 19 SCOB [2024] AD 125 |