Article 30. The possibility of confiscation or conversion to State revenue of an asset in the monetary equivalent of the Law on the Return of Illegally Acquired Assets to the State
1. The methods (mechanisms) of asset recovery provided for by this Law, preliminary interim measures, and interim measures may also be applied to assets that have been partially or completely modified or transformed, or to which they have been partially or completely attached, regardless of the method of such modification, transformation, or attachment, as well as to fruits, products, income earned as a result of the use of such assets.
2. In the event that illegally acquired assets have been fully or partially attached to other assets, only that part of the attached assets that corresponds to the established value of the illegally acquired assets is subject to return. Arrest and other preliminary interim measures, interim measures may be established in respect of illegally acquired assets.
3. If the assets to be returned cannot be returned in kind, the value of such assets, expressed in money or other property, as of the date of the prosecutor's filing of the relevant claim with the court, is subject to compensation.
This Law, in the interests of current and future generations of Kazakhstanis, regulates public relations to identify and return illegally acquired assets to the state (hereinafter referred to as asset recovery) in order to restore the violated rights of the people of Kazakhstan, ensure the rule of law, social justice, and sustainable economic and social development of Kazakhstan for the benefit of its people.
President
Republic of Kazakhstan
© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan
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