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(1) Where any Commission of Inquiry has submitted any report to the Government, and thereafter the Government has published a White Paper in respect of such report and has in such White Paper-

(a) accepted a recommendation that any person should refund any money or restore property to any person or body entitled thereto; or

(b) recommended that any person should refund any money or restore property to any person or body entitled thereto,

the Attorney-General may order that person by notice served on him to refund the money or restore the property to the person or body specified in the notice within such time as may be specified in the notice.

(2) For the purpose of implementing subsection (1) of this section, where any person holds any money, security or other asset on behalf of or in trust for a person on whom a notice has been served under subsection (1), the Attorney-General may by notice served on such first-mentioned person direct him to transfer such money, security or other asset to such other person and within such time as the Attorney-General may direct.

(3) Any person to whom an asset is transferred in pursuance of this section shall acquire good title to such asset notwithstanding anything to the contrary.

(4) Any person who-

(a) fails without reasonable excuse (proof of which shall be upon him) to refund any money, restore any property or transfer any asset in accordance with this section; or

(b) disposes or attempts to dispose of any asset in a manner which may frustrate the implementation of this section; or

(c) in any manner obstructs or hinders the full implementation of this section, shall be guilty of an offence and liable on summary conviction to a fine not exceeding five thousand cedis or to imprisonment not exceeding five years or to both.