convert

"convert"

in relation to property, includes—

(a)	any agreement or understanding in connection with the property, whether any such agreement or understanding is legally enforce able or not; or

(b)	any other act in connection with the property, whether any such act is performed independently or in concert with other persons,

which has or is likely to have the effect—

(i)	of concealing or disguising the nature, source, location, disposition or movement of the property or its ownership or any interest with respect thereto; or

(ii)	of enabling or assisting any person who has committed or commits, whether in the Republic or elsewhere, a drug offence or an economic offence—

(aa)	to avoid prosecution; or

(bb)	to remove or to diminish any property, or any part thereof, realized directly or indirectly by him as a result of the commission of the said offence, or to use it in order to obtain funds, investments or other property;