(1) The Executive Director shall apply to the Court for a confiscation order in respect of tainted property if the person from whom the property was seized dies or absconds and

(a) there is information alleging commission of a serious offence by that person, and

(b) a warrant for the arrest of that person is issued in furtherance of that information.

(2) A person is considered to have absconded if reasonable attempts to arrest that person pursuant to the warrant are unsuccessful during the period of three months after the date of issue of the warrant.

(3) Where the Executive Director applies for a confiscation order against tainted property under this section, the Court shall, before hearing the application for the confiscation order,

(a) require notice of the application to be given to the person who appears in the opinion of the Court to have an interest in the property, or

(b) direct notice of the application to the published in the Gazette or a newspaper of national circulation containing the particulars in three publications within three months.

(4) The provision on protection of third party interest provided under section 54 applies in relation to confiscation of tainted property of a deceased accused person.