Before ordering attachment under Section 5(1) of the Prevention of Money Laundering Act, 2002, the…
Section 5(1) requires the Director or authorised officer to have "reason to believe (the reason for such belief to be recorded in writing), on the basis of material in his…
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Before ordering attachment under Section 5(1) of the Prevention of Money Laundering Act, 2002, the authorised officer must have-
Answer and explanation
Correct answer B
Section 5(1) requires the Director or authorised officer to have "reason to believe (the reason for such belief to be recorded in writing), on the basis of material in his possession". No leave of a court, approval of the Government or confession is needed.