After an order of confiscation or release under Section 8 of the Prevention of Money Laundering Act,…
Section 21(5) provides that after an order of confiscation or release under s.8(5), (6) or (7), s.58B or s.60(2A), "the Adjudicating Authority shall direct the release of…
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After an order of confiscation or release under Section 8 of the Prevention of Money Laundering Act, 2002, who directs the release of records to the concerned person?
Answer and explanation
Correct answer B
Section 21(5) provides that after an order of confiscation or release under s.8(5), (6) or (7), s.58B or s.60(2A), "the Adjudicating Authority shall direct the release of the records to the person from whom such records were seized". The Director may only withhold them for ninety days under s.21(6).