A bill for domain extinction submitted by senators Adriano Sanchez Roa, Julio Cesar Valentin and Charlie Mariotti is currently under study in the Senate. The bill is known by its name in Spanish “Proyecto de Ley sobre Juicios de Extincion de Dominio para el Decomiso Civil de Bienes Ilicitos.”
A court order would be required for an expropriation to take place. The state prosecution service, nevertheless, would be responsible for carrying out an inventory and safeguarding the assets to prevent them from being transferred to third parties during the hearing process.
Recently drug traffickers who have made plea bargains in the United States have returned to claim millions of dollars worth of assets after serving short sentences. The bill would allow the state to expropriate goods acquired with illicitly obtained money. The bill would also attack administrative corruption. As drafted, it would be applicable to all government officials, both elected and appointed, whether or not they have worked for autonomous, civilian or military institutions. It will also affect spouses and other relatives.
http://www.diariolibre.com/noticias/2014/11/24/i895551_proyecto-suprime-propiedad-bienes-ilcitos-regula-uso.html