The Union Cabinet today approved a bill which provides for confiscating property illegally acquired by corrupt public servants and also set a time line for securing sanction to prosecute serving and retired public servants. The sweeping changes to the Prevention of Corruption Act, 1988 were approved by the Cabinet chaired by Prime Minister Manmohan Singh today. Finance Minister P Chidambaram briefing reporters about the Cabinet decisions said provisions have been incorporated to confiscate and forfeit property illegally acquired by a corrupt public servant. He said, a timeframe has also been set for getting sanction of competent authority to prosecute serving and retired bureaucrats and reasons will have to be specified for giving the nod or refusing it. The amended bill has also laid down a clear definition of different forms of bribery in line with international practices.