In a proceeding under Section 24(a) of the Prevention of Money Laundering Act, 2002, the presumption…
Under PMLA s.24(a), the presumption regarding proceeds of crime is rebuttable by the accused, since it applies unless the contrary is proved, so it is not absolute and…
Choose your answer
In a proceeding under Section 24(a) of the Prevention of Money Laundering Act, 2002, the presumption regarding proceeds of crime is:
Answer and explanation
Correct answer A
Under PMLA s.24(a), the presumption regarding proceeds of crime is rebuttable by the accused, since it applies unless the contrary is proved, so it is not absolute and unchallengeable, merely optional for the Court, or applicable only after confiscation.