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Key Aspects of White-Collar Asset Cases for Successful Investigations

Learn about the importance of asset cases in white-collar crime investigations, valuation methods, and acquisition modes crucial for successful outcomes. Discover how slight mistakes can impact the cases significantly.

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Key Aspects of White-Collar Asset Cases for Successful Investigations

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  1. White Collar Crime- Review Muhammad AamirIlyas Deputy Commissioner

  2. Expenditure 300 Income Saving 1000 700 Cash 200 Assets Plot 500

  3. Asset cases • Around 80% of NAB inquiry/ investigation activities relate to asset cases • Accused acquire, own or create asset with black money • Slightest mistake during investigation can spoil the case as “accused is considered favorite child of the law”

  4. Assets? “Assets are the resources owned by an entity which benefit its future operations and are convertible to cash” Examples: Cash, vehicles, land, building, bonds, jewelry, furniture etc

  5. Asset cases • Determination of known and fair sources in the hands of accused • Valuation of suspected assets • Reasonable estimate of expenses incurred by the accused • Quantification of un-explained assets/ investments/ Expenses

  6. Valuation of assets • Cost of Acquisition (COA) • Mode of Acquisition (MOA) • Fair Market Value (FMV) at the time of Acquisition • Present Market Value (PMV)

  7. Cost of Acquisition “sum total paid by a person against acquisition of an asset which is inclusive of the price paid plus transfer & other allied/incidental charges”

  8. Investigators! Keep in mind

  9. Mode of Acquisition • Purchase • Inheritance • Gift • Exchange • Allotment • Terms of Employment • Court decree • Compensation

  10. Mode of Acquisition 9. Lease/ Loan 10. Installments 11. Windfall (Prize Money, Lottery/ Raffle) 12. Family settlement 13. Relinquishment of rights by other co- shares 14. Will

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