ED sells Hawker 800A jet for Rs 3 cr: Are you buying property or just a legal headache? - The Economic Times

The Enforcement Directorate recently auctioned a private jet under money laundering laws. This sale clarified that attachment of property is not ownership by the agency. Ownership of seized assets only passes after a court confirms money laundering has occurred. The agency can sell rapidly depreciating assets like aircraft with court permission. Buyers acquire the jet, while the sale proceeds remain frozen until a court decision.

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