Section 4 of the Prevention of Money Laundering Act, 2002 provides punishment which is-
Section 4 prescribes both rigorous imprisonment and fine for money-laundering, using the words "and shall also be liable to fine" alongside the custodial sentence, so the…
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Section 4 of the Prevention of Money Laundering Act, 2002 provides punishment which is-
Answer and explanation
Correct answer C
Section 4 prescribes both rigorous imprisonment and fine for money-laundering, using the words "and shall also be liable to fine" alongside the custodial sentence, so the punishment is neither purely civil, purely monetary, nor merely preventive.