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Application for return of seized funds dismissed as applicant failed to prove lawful ownership.
The applicant corporation sought the return of $144,050 in cash seized by police during a drug and money laundering investigation targeting its former director.
The applicant argued it was the lawful owner of the funds, which it claimed were a business float, and that the funds were not required for the pending criminal proceedings.
The court dismissed the application, finding the applicant failed to establish on a balance of probabilities that it was the lawful owner of the funds, and that the funds were required as evidence for the upcoming preliminary inquiry and trial.
