In case it is proved that any person has earned property having committed any act which is deemed to have committed corruption under this Act or other prevailing laws and has
kept such property and the property accrued therefrom in his/her own name or in the name of anybody else such property shall be confiscated.
Provided that, in case the ownership of such property is transferred to any person and in case the price of such a property is quoted, the transaction involving such amount shall be treated as a simple loan deed.