Indian Billionaire Builds His Own White House On Top Of His Skyscraper

“Under the money laundering Act, an order of conviction will result in confiscation of property by the government,” S.S. Naganand, senior counsel appearing for the lenders consortium, told Live Mint. “If money laundering is not proven, the debt remains and what will happen to this property is they (banks) will try to recover dues. There will be an attempt to sell off and recover dues and any sale proceedings will be realized and appropriated towards his dues. If after this anything remains, it will be given to him.”